7,448 Shares in News Corporation (NASDAQ:NWS) Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. purchased a new position in News Corporation (NASDAQ:NWS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,448 shares of the company's stock, valued at approximately $226,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dorsey Wright & Associates grew its stake in shares of News by 0.3% in the fourth quarter. Dorsey Wright & Associates now owns 109,785 shares of the company's stock worth $3,341,000 after acquiring an additional 330 shares during the last quarter. iA Global Asset Management Inc. grew its stake in shares of News by 13.9% in the fourth quarter. iA Global Asset Management Inc. now owns 3,195 shares of the company's stock worth $97,000 after acquiring an additional 390 shares during the last quarter. American Century Companies Inc. grew its stake in shares of News by 1.5% in the fourth quarter. American Century Companies Inc. now owns 29,896 shares of the company's stock worth $910,000 after acquiring an additional 429 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of News by 1.5% in the fourth quarter. MetLife Investment Management LLC now owns 29,660 shares of the company's stock worth $903,000 after acquiring an additional 450 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of News by 20.3% during the first quarter. Asset Management One Co. Ltd. now owns 3,210 shares of the company's stock valued at $97,000 after purchasing an additional 542 shares in the last quarter. 14.63% of the stock is owned by hedge funds and other institutional investors.

News Trading Down 0.1%

Shares of NASDAQ:NWS opened at $34.36 on Thursday. The company has a market cap of $19.45 billion, a P/E ratio of 39.95 and a beta of 1.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.68 and a quick ratio of 1.60. News Corporation has a 1 year low of $26.04 and a 1 year high of $35.25. The stock's fifty day moving average price is $32.48 and its 200-day moving average price is $31.60.

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

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