Bellwether Advisors LLC Sells 42,275 Shares of News Corporation (NASDAQ:NWS)

Key Points

• Bellwether Advisors LLC significantly reduced its stake in News Corporation by 95.1%, selling 42,275 shares in the first quarter, leaving it with only 2,182 shares valued at $66,000.
• Other institutional investors, like Cetera Investment Advisers and Janney Montgomery Scott LLC, have increased their positions in News Corporation, with Cetera lifting its stake by 22.5% to 37,171 shares worth $1,131,000.
• News Corporation reported earnings per share (EPS) of $0.17 for the latest quarter, missing the consensus estimate by $0.05, despite generating revenue of $2.01 billion which slightly exceeded expectations.

Bellwether Advisors LLC lowered its stake in News Corporation (NASDAQ:NWS - Free Report) by 95.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,182 shares of the company's stock after selling 42,275 shares during the period. Bellwether Advisors LLC's holdings in News were worth $66,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Dorsey Wright & Associates raised its stake in News by 0.3% during the 4th quarter. Dorsey Wright & Associates now owns 109,785 shares of the company's stock valued at $3,341,000 after buying an additional 330 shares during the last quarter. CWM LLC grew its stake in shares of News by 9.6% during the 1st quarter. CWM LLC now owns 4,837 shares of the company's stock valued at $147,000 after purchasing an additional 425 shares during the period. American Century Companies Inc. increased its position in shares of News by 1.5% during the 4th quarter. American Century Companies Inc. now owns 29,896 shares of the company's stock valued at $910,000 after purchasing an additional 429 shares during the last quarter. MetLife Investment Management LLC boosted its holdings 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 buying an additional 450 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in 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 buying an additional 542 shares during the last quarter. Institutional investors own 14.63% of the company's stock.

News Stock Performance

Shares of NWS stock traded down $0.05 during mid-day trading on Thursday, reaching $33.47. 451,852 shares of the company's stock traded hands, compared to its average volume of 746,754. News Corporation has a 12 month low of $26.04 and a 12 month high of $35.41. The firm has a 50 day moving average price of $33.23 and a two-hundred day moving average price of $32.07. The firm has a market capitalization of $18.95 billion, a PE ratio of 38.92 and a beta of 1.23. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.60 and a current ratio of 1.68.

News (NASDAQ:NWS - Get Free Report) last posted 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). The company had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2 billion. News had a net margin of 5.18% and a return on equity of 5.64%. On average, research analysts forecast that News Corporation will post 1.03 EPS for the current year.

News Company Profile

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.