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12,417 Shares in News Corporation (NASDAQ:NWS) Acquired by Janney Montgomery Scott LLC

News logo with Consumer Discretionary background

Janney Montgomery Scott LLC purchased a new position in News Corporation (NASDAQ:NWS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 12,417 shares of the company's stock, valued at approximately $377,000.

Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in shares of News by 17.5% during the fourth quarter. Bank of New York Mellon Corp now owns 845,246 shares of the company's stock valued at $25,721,000 after purchasing an additional 125,852 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of News during the fourth quarter valued at about $823,000. Smartleaf Asset Management LLC raised its stake in shares of News by 136.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,217 shares of the company's stock valued at $37,000 after purchasing an additional 702 shares in the last quarter. Charles Schwab Investment Management Inc. bought a new stake in shares of News during the fourth quarter valued at about $384,000. Finally, Atria Investments Inc raised its stake in shares of News by 9.8% during the fourth quarter. Atria Investments Inc now owns 20,656 shares of the company's stock valued at $629,000 after purchasing an additional 1,838 shares in the last quarter. Institutional investors own 14.63% of the company's stock.

News Price Performance

Shares of NASDAQ NWS opened at $34.39 on Friday. News Corporation has a fifty-two week low of $26.04 and a fifty-two week high of $35.25. The firm's 50-day simple moving average is $32.61 and its 200 day simple moving average is $31.64. The company has a quick ratio of 1.60, a current ratio of 1.68 and a debt-to-equity ratio of 0.21. The stock has a market cap of $19.47 billion, a P/E ratio of 39.98 and a beta of 1.23.

News (NASDAQ:NWS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.05). News had a net margin of 5.18% and a return on equity of 5.64%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2 billion. Equities analysts expect that News Corporation will post 1.03 EPS for the current year.

About News

(Free Report)

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.

See Also

Want to see what other hedge funds are holding NWS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for News Corporation (NASDAQ:NWS - Free Report).

Institutional Ownership by Quarter for News (NASDAQ:NWS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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