Is It Right Time to Be Bearish on New Media Investment Group Inc. (NEWM), Nomad Foods Limited (NOMD)?

The shares of New Media Investment Group Inc. (NYSE:NEWM) has been pegged with a rating of Buy by Citigroup in its latest research note that was published on July 22nd, 2019. The research company has also assigned a $14 price target. Citigroup wasn’t the only research firm that published a report of New Media Investment Group Inc., with other equities research analysts also giving their opinion on the stock. Citigroup advised investors in its research note published on March 27th, 2019, to Neutral the NEWM stock while also putting a $10 price target. The stock had earned Sell rating from Citigroup when it published its report on August 24th, 2016. The stock was given Outperform rating by Barrington Research in its report released on August 15th, 2016, the day when the price target on the stock was placed at $19. Compass Point was of a view that NEWM is Neutral in its latest report on July 29th, 2016 while giving it a price target of $20. Compass Point thinks that NEWM is worth Buy rating. This was contained in the firm’s report on April 29th, 2016 in which the stock’s price target was also moved to $21.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 0 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $11.00. The price of the stock the last time has raised by 12.01% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 38.05.

The shares of the company dipped by -0.50% during the trading session on Tuesday, reaching a low of $7.79 while ending the day at $7.93. During the trading session, a total of 2.25 million shares were traded which represents a -100.86% decline from the average session volume which is 1.12M shares. NEWM had ended its last session trading at 7.97. New Media Investment Group Inc. currently has a market cap of $522.90M while its P/E earnings growth sits at 0.33, with a beta of 1.17. New Media Investment Group Inc. debt-to-equity ratio currently stands at 0.65, while its quick ratio hovers at 0.90. NEWM 52-week low price stands at $7.08 while its 52-week high price is $16.38.

The company in its last quarterly report recorded -$0.15 earnings per share which is below the -$0.01 predicted by most analysts. The New Media Investment Group Inc. generated $333.58 million in revenue during the last quarter, which is slightly higher than the $324.40 million predicted by analysts. In the second quarter last year, the firm recorded $0.22 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 246.67%. New Media Investment Group Inc. has the potential to record -0.02 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Goldman published a research note on June 27th, 2019 where it informed investors and clients that Nomad Foods Limited (NYSE:NOMD) is now rated as Buy. Their price target on the stock stands at $25. Citigroup also rated NOMD as Upgrade on March 27th, 2019, with its price target of $10 suggesting that NOMD could surge by 19.84% from its current share price. Even though the stock has been trading at $20.68/share, analysts expect it to surge higher by -1.74% to reach $25.35/share. It started the day trading at $20.76 and traded between $20.11 and $20.32 throughout the trading session.

A look at its technical shows that NOMD’s 50-day SMA is 21.60 while its 200-day SMA stands at 20.12. The stock has a high of $23.06 for the year while the low is $15.87. The company’s P/E ratio currently sits at 24.42, while the P/B ratio is 1.33. At the moment, only of Nomad Foods Limited shares were sold short. The company’s average trading volume currently stands at 924.91K shares, which means that the short-interest ratio is just 0.88 days. Over the past seven days, the company moved, with its shift of -5.71%. Looking further, the stock has dropped -7.04% over the past 90 days while it gained 6.11% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. T Rowe Price Associates Inc bought more NOMD shares, increasing its portfolio by +33.66% during the last quarter. This move now sees T Rowe Price Associates Inc purchasing 3,405,566 shares in the last quarter, thus it now holds 13,522,292 shares of NOMD, with a total valuation of $301,141,443. Fidelity Management Research Co meanwhile sold more NOMD shares in the recently filed quarter, changing its stake to $276,558,102 worth of shares. Boston Partners Global Investors followed the path by decreasing its NOMD portfolio by -5.50% in the quarter. This means that Boston Partners Global Investors sold -653,962 shares in the last quarter and now controls 11,228,587 shares of the NOMD stock, with the valuation hitting $250,060,632.

Similarly, AllianceBernstein LP increased its Nomad Foods Limited shares by +16.00% during the recently filed quarter. After buying 904,708 shares in the last quarter, the firm now controls 6,558,254 shares of Nomad Foods Limited which are valued at $146,052,317. In the same vein, Brown Advisory LLC decreased its Nomad Foods Limited shares by during the most recent reported quarter. The firm sold -325,271 shares during the quarter which decreased its stakes to 4,961,161 shares and is now valued at $110,485,055. Following these latest developments, around 14.32% of Nomad Foods Limited stocks are owned by institutional investors and hedge funds.