Burns Matteson Capital Management LLC Takes $233,000 Position in News Corporation (NASDAQ:NWS)

Burns Matteson Capital Management LLC acquired a new position in shares of News Corporation (NASDAQ:NWS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,672 shares of the company's stock, valued at approximately $233,000.

A number of other institutional investors have also added to or reduced their stakes in NWS. Charles Schwab Investment Management Inc. purchased a new position in News during the fourth quarter valued at $384,000. Proficio Capital Partners LLC bought a new stake in News during the fourth quarter valued at about $823,000. Cibc World Markets Corp grew its holdings in News by 3.9% during the fourth quarter. Cibc World Markets Corp now owns 85,610 shares of the company's stock valued at $2,605,000 after purchasing an additional 3,242 shares during the period. Xponance Inc. lifted its position in shares of News by 99.8% in the fourth quarter. Xponance Inc. now owns 29,912 shares of the company's stock valued at $910,000 after acquiring an additional 14,942 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd lifted 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 in the last quarter. Hedge funds and other institutional investors own 14.63% of the company's stock.

News Price Performance

Shares of NWS opened at $34.82 on Friday. News Corporation has a fifty-two week low of $26.04 and a fifty-two week high of $35.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.60 and a current ratio of 1.68. The company has a market capitalization of $19.71 billion, a P/E ratio of 40.49 and a beta of 1.23. The business's 50-day moving average is $33.05 and its two-hundred day moving average is $31.86.

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

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