Burns Matteson Capital Management LLC Purchases New Holdings in News Corporation (NASDAQ:NWS)

Burns Matteson Capital Management LLC purchased a new position in shares of News Corporation (NASDAQ:NWS - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 7,672 shares of the company's stock, valued at approximately $233,000.

A number of other hedge funds have also bought and sold shares of NWS. Independent Franchise Partners LLP raised its stake in shares of News by 7.0% during the 4th 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 period. Vanguard Group Inc. raised its position in News by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 6,535,237 shares of the company's stock valued at $198,867,000 after purchasing an additional 138,680 shares during the last quarter. 59 North Capital Management LP raised its position in News by 29.4% during 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 last quarter. Geode Capital Management LLC raised its position in shares of News by 0.5% in 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of News by 8.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,965,125 shares of the company's stock worth $59,799,000 after acquiring an additional 160,922 shares in the last quarter. 14.63% of the stock is currently owned by institutional investors.

News Stock Performance

Shares of NASDAQ NWS traded down $0.91 during midday trading on Monday, hitting $33.55. 827,660 shares of the stock traded hands, compared to its average volume of 722,431. The firm has a 50-day moving average of $33.09 and a two-hundred day moving average of $31.91. The firm has a market capitalization of $18.99 billion, a P/E ratio of 39.16 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 Corporation has a one year low of $26.04 and a one year high of $35.41.

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 the consensus estimate of $0.22 by ($0.05). The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2 billion. News had a return on equity of 5.64% and a net margin of 5.18%. On average, equities analysts forecast that News Corporation will post 1.03 EPS 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.