News Co. (NASDAQ:NWS) Shares Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC increased its holdings in shares of News Co. (NASDAQ:NWS - Free Report) by 88.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 236,257 shares of the company's stock after acquiring an additional 110,599 shares during the period. Cubist Systematic Strategies LLC's holdings in News were worth $7,189,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB grew its stake in shares of News by 123.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 935 shares of the company's stock worth $28,000 after purchasing an additional 517 shares during the period. Smartleaf Asset Management LLC grew its position in News by 136.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,217 shares of the company's stock worth $37,000 after buying an additional 702 shares during the period. ExodusPoint Capital Management LP purchased a new position in News in the fourth quarter valued at about $43,000. Harvest Fund Management Co. Ltd lifted its position in shares of News by 2,892.8% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 2,065 shares of the company's stock valued at $61,000 after acquiring an additional 1,996 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in shares of News by 22.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 2,668 shares of the company's stock worth $82,000 after acquiring an additional 497 shares during the period. Hedge funds and other institutional investors own 14.63% of the company's stock.

News Price Performance

NASDAQ:NWS traded up $0.07 during mid-day trading on Friday, hitting $32.57. 567,743 shares of the company's stock traded hands, compared to its average volume of 739,814. News Co. has a 1 year low of $25.92 and a 1 year high of $35.25. The company has a market cap of $18.48 billion, a PE ratio of 44.62 and a beta of 1.28. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.73. The firm's 50 day simple moving average is $30.59 and its 200 day simple moving average is $31.20.

News (NASDAQ:NWS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.05). The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2 billion. News had a return on equity of 5.31% and a net margin of 4.22%. Sell-side analysts expect that News Co. will post 1.03 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Seaport Res Ptn upgraded News to a "strong-buy" rating in a research report on Friday, January 31st.

About News

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.