Beverly Hills Private Wealth LLC Has $3.30 Million Holdings in News Corporation (NASDAQ:NWS)

Beverly Hills Private Wealth LLC increased its stake in shares of News Corporation (NASDAQ:NWS - Free Report) by 7.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,562 shares of the company's stock after acquiring an additional 7,769 shares during the period. Beverly Hills Private Wealth LLC's holdings in News were worth $3,297,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. First Horizon Advisors Inc. lifted its holdings in shares of News by 3,546.2% in the first quarter. First Horizon Advisors Inc. now owns 948 shares of the company's stock valued at $29,000 after purchasing an additional 922 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of News by 136.3% in 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. ExodusPoint Capital Management LP bought a new stake in shares of News in the fourth quarter valued at about $43,000. Mufg Securities Americas Inc. acquired a new stake in shares of News in the fourth quarter valued at about $50,000. Finally, Harvest Fund Management Co. Ltd increased its position in shares of News by 2,892.8% in the fourth 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 last quarter. 14.63% of the stock is owned by institutional investors.

News Stock Up 0.5%

Shares of NASDAQ:NWS traded up $0.16 during midday trading on Tuesday, reaching $34.08. The company had a trading volume of 143,738 shares, compared to its average volume of 729,928. 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 business's 50 day moving average price is $32.66 and its 200 day moving average price is $31.68. The stock has a market cap of $19.29 billion, a PE ratio of 39.62 and a beta of 1.23. News Corporation has a 1-year low of $26.04 and a 1-year high of $35.25.

News (NASDAQ:NWS - Get Free Report) last released its 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 company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2 billion. News had a net margin of 5.18% and a return on equity of 5.64%. Research analysts forecast that News Corporation will post 1.03 EPS for the current fiscal year.

News 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.