Blue Ridge Capital Has Trimmed Its Gopro (GPRO) Position; New Media Investment Group Has 1.48 Sentiment

September 12, 2017 - By Marie Mckinney

New Media Investment Group Inc. is a holding company. The company has market cap of $730.42 million. The Firm owns, operates and invests in local media assets. It currently has negative earnings. The Company’s divisions include Eastern US Publishing, Central US Publishing, Western US Publishing and BridgeTower.

Blue Ridge Capital Llc decreased Gopro Inc (GPRO) stake by 8.57% reported in 2016Q4 SEC filing. Blue Ridge Capital Llc sold 165,000 shares as Gopro Inc (GPRO)’s stock declined 7.89%. The Blue Ridge Capital Llc holds 1.76M shares with $15.33M value, down from 1.93M last quarter. Gopro Inc now has $1.58 billion valuation. The stock declined 0.18% or $0.02 reaching $10.87 per share. About 8.54M shares traded or 29.59% up from the average. GoPro Inc (NASDAQ:GPRO) has declined 3.73% since September 12, 2016 and is downtrending. It has underperformed by 20.43% the S&P500.

Berson & Corrado Investment Advisors Llc holds 2.8% of its portfolio in New Media Investment Group Inc for 282,392 shares. Shikiar Asset Management Inc owns 341,325 shares or 2.39% of their US portfolio. Moreover, Omega Advisors Inc. has 1.89% invested in the company for 2.68 million shares. The Connecticut-based Gilman Hill Asset Management Llc has invested 1.65% in the stock. Winfield Associates Inc., a Ohio-based fund reported 51,611 shares.

Since January 1, 0001, it had 1 buy, and 0 selling transactions for $530,000 activity.

The stock increased 1.48% or $0.2 during the last trading session, reaching $13.72. About 167,166 shares traded. New Media Investment Group Inc (NEWM) has declined 23.77% since September 12, 2016 and is downtrending. It has underperformed by 40.47% the S&P500.

Blue Ridge Capital Llc increased Goldman Sachs Group Inc (NYSE:GS) stake by 20,000 shares to 460,000 valued at $110.15M in 2016Q4. It also upped Fitbit Inc stake by 2.83 million shares and now owns 3.87 million shares. Citigroup Inc (NYSE:C) was raised too.

Investors sentiment decreased to 1.02 in Q4 2016. Its down 0.09, from 1.11 in 2016Q3. It worsened, as 44 investors sold GPRO shares while 60 reduced holdings. 27 funds opened positions while 35 raised stakes. 39.09 million shares or 12.06% less from 44.45 million shares in 2016Q3 were reported. Reilly Financial Advsrs Ltd Liability has invested 0% in GoPro Inc (NASDAQ:GPRO). United Kingdom-based Barclays Public Limited has invested 0.01% in GoPro Inc (NASDAQ:GPRO). Moreover, Panagora Asset Mngmt Incorporated has 0% invested in GoPro Inc (NASDAQ:GPRO). Howe & Rusling stated it has 1,115 shares or 0% of all its holdings. Raymond James Services Advisors reported 20,366 shares. Balyasny Asset Management Limited Liability Company reported 50,000 shares. Moreover, Blackrock Fund has 0.01% invested in GoPro Inc (NASDAQ:GPRO) for 3.17 million shares. Credit Suisse Ag stated it has 544,158 shares or 0% of all its holdings. North Star Investment Mgmt has invested 0% in GoPro Inc (NASDAQ:GPRO). Cheyne Mngmt (Uk) Ltd Liability Partnership holds 0.12% or 25,000 shares. Sunbelt Secs owns 285 shares for 0% of their portfolio. Glenmede Co Na has invested 0% of its portfolio in GoPro Inc (NASDAQ:GPRO). Goldman Sachs Gp reported 0% of its portfolio in GoPro Inc (NASDAQ:GPRO). Jpmorgan Chase Communications holds 0% or 588,566 shares in its portfolio. Financial Architects reported 0.03% of its portfolio in GoPro Inc (NASDAQ:GPRO).

Among 23 analysts covering GoPro Inc (NASDAQ:GPRO), 5 have Buy rating, 6 Sell and 12 Hold. Therefore 22% are positive. GoPro Inc had 90 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Piper Jaffray with “Underweight” on Thursday, January 14. The company was maintained on Friday, January 8 by Barclays Capital. Morgan Stanley maintained it with “Equal-Weight” rating and $23 target in Thursday, October 29 report. The stock has “Underweight” rating by Morgan Stanley on Monday, December 14. On Friday, August 4 the stock rating was maintained by Robert W. Baird with “Sell”. The stock of GoPro Inc (NASDAQ:GPRO) has “Buy” rating given on Friday, September 16 by Bank of America. The company was maintained on Thursday, February 4 by Piper Jaffray. The stock has “Neutral” rating by Sterne Agee CRT on Thursday, February 4. On Thursday, January 14 the stock rating was maintained by Sterne Agee CRT with “Buy”. The stock of GoPro Inc (NASDAQ:GPRO) earned “Buy” rating by Citigroup on Friday, July 31.

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