Cooper Investors PTY Ltd. Buys New Shares in News Corporation (NASDAQ:NWS)

Cooper Investors PTY Ltd. bought a new stake in News Corporation (NASDAQ:NWS - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 235,601 shares of the company's stock, valued at approximately $7,155,000.

Several other large investors also recently added to or reduced their stakes in the business. Cetera Investment Advisers increased its holdings in shares of News by 22.5% during the 4th quarter. Cetera Investment Advisers now owns 37,171 shares of the company's stock valued at $1,131,000 after acquiring an additional 6,821 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in News by 16.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,043 shares of the company's stock worth $153,000 after purchasing an additional 727 shares during the period. Rhumbline Advisers grew its holdings in News by 1.0% during the first quarter. Rhumbline Advisers now owns 205,729 shares of the company's stock valued at $6,248,000 after purchasing an additional 2,072 shares during the last quarter. Fifth Third Bancorp raised its position in shares of News by 13.1% in the first quarter. Fifth Third Bancorp now owns 8,503 shares of the company's stock valued at $258,000 after purchasing an additional 984 shares during the period. Finally, Cubist Systematic Strategies LLC raised its position in shares of News by 88.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 236,257 shares of the company's stock valued at $7,189,000 after purchasing an additional 110,599 shares during the period. 14.63% of the stock is owned by institutional investors.

News Stock Performance

Shares of NASDAQ NWS traded up $0.12 during trading hours on Wednesday, hitting $33.72. 555,487 shares of the stock were exchanged, compared to its average volume of 735,826. The firm has a market capitalization of $19.09 billion, a P/E ratio of 39.21 and a beta of 1.23. News Corporation has a one year low of $26.04 and a one year high of $35.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.68 and a quick ratio of 1.60. The company's 50 day moving average is $32.07 and its 200 day moving average is $31.52.

News (NASDAQ:NWS - Get Free Report) last issued its quarterly earnings results 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). The business 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%. On average, research analysts expect 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.