Deutsche Bank AG Raises Stock Position in News Co. (NASDAQ:NWS)

Deutsche Bank AG grew its position in News Co. (NASDAQ:NWS - Free Report) by 58.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 362,992 shares of the company's stock after acquiring an additional 133,224 shares during the period. Deutsche Bank AG owned about 0.06% of News worth $11,046,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Independent Franchise Partners LLP raised its position in News by 7.0% in the fourth quarter. Independent Franchise Partners LLP now owns 9,649,717 shares of the company's stock valued at $293,641,000 after purchasing an additional 627,774 shares during the last quarter. Vanguard Group Inc. boosted its holdings in News by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 6,535,237 shares of the company's stock worth $198,867,000 after buying an additional 138,680 shares during the period. 59 North Capital Management LP boosted its holdings in News by 29.4% in the 4th quarter. 59 North Capital Management LP now owns 4,345,606 shares of the company's stock valued at $132,237,000 after purchasing an additional 986,781 shares during the period. Geode Capital Management LLC lifted its holdings in shares of News by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,855,707 shares of the company's stock worth $86,799,000 after acquiring an additional 13,329 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in News by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,965,125 shares of the company's stock worth $59,799,000 after purchasing an additional 160,922 shares during the last quarter. 14.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

News Trading Down 0.6%

NWS stock traded down $0.20 during trading on Monday, reaching $32.73. The company had a trading volume of 607,030 shares, compared to its average volume of 738,103. News Co. has a 52 week low of $26.04 and a 52 week high of $35.25. The business has a 50 day moving average of $30.73 and a 200 day moving average of $31.37. The company has a market cap of $18.53 billion, a P/E ratio of 44.84 and a beta of 1.28. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.65.

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

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.