Envestnet Asset Management Inc. Buys 40,731 Shares of News Corporation (NASDAQ:NWS)

Envestnet Asset Management Inc. lifted its position in shares of News Corporation (NASDAQ:NWS - Free Report) by 22.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 220,230 shares of the company's stock after purchasing an additional 40,731 shares during the quarter. Envestnet Asset Management Inc.'s holdings in News were worth $6,688,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. First Horizon Advisors Inc. raised its stake 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 worth $29,000 after purchasing an additional 922 shares during the last quarter. Mather Group LLC. raised its stake in shares of News by 14.9% in the first quarter. Mather Group LLC. now owns 6,711 shares of the company's stock worth $204,000 after purchasing an additional 869 shares during the last quarter. Shilanski & Associates Inc. raised its stake in shares of News by 5.5% in the first quarter. Shilanski & Associates Inc. now owns 49,598 shares of the company's stock worth $1,506,000 after purchasing an additional 2,571 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of News by 61.6% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 45,242 shares of the company's stock worth $1,374,000 after purchasing an additional 17,243 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of News by 15.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,790 shares of the company's stock worth $379,000 after purchasing an additional 1,739 shares during the last quarter. Hedge funds and other institutional investors own 14.63% of the company's stock.

News Stock Up 0.4%

Shares of NWS stock traded up $0.14 during mid-day trading on Friday, hitting $33.69. The company's stock had a trading volume of 478,446 shares, compared to its average volume of 578,308. News Corporation has a 52-week low of $26.04 and a 52-week high of $35.41. The business has a 50-day moving average price of $33.17 and a 200 day moving average price of $32.01. 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 stock has a market cap of $19.07 billion, a price-to-earnings ratio of 39.17 and a beta of 1.23.

News (NASDAQ:NWS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.17 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 during the quarter, compared to the consensus estimate of $2 billion. Research analysts predict 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.