MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $195,000 Position in News Co. (NASDAQ:NWS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its holdings in News Co. (NASDAQ:NWS - Free Report) by 58.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,416 shares of the company's stock after selling 9,023 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in News were worth $195,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of NWS. Jefferies Financial Group Inc. grew its position in News by 120.9% in the fourth quarter. Jefferies Financial Group Inc. now owns 222,827 shares of the company's stock worth $6,781,000 after acquiring an additional 121,970 shares in the last quarter. Ethic Inc. raised its stake in shares of News by 3.4% in the 4th quarter. Ethic Inc. now owns 52,950 shares of the company's stock valued at $1,611,000 after buying an additional 1,743 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of News by 16.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 35,317 shares of the company's stock worth $1,075,000 after purchasing an additional 4,950 shares in the last quarter. Deutsche Bank AG raised its stake in shares of News by 58.0% in the fourth quarter. Deutsche Bank AG now owns 362,992 shares of the company's stock worth $11,046,000 after acquiring an additional 133,224 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake 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 worth $7,189,000 after acquiring an additional 110,599 shares during the last quarter. Institutional investors and hedge funds own 14.63% of the company's stock.

News Price Performance

Shares of NASDAQ NWS traded up $0.03 during trading on Thursday, reaching $32.19. The company had a trading volume of 426,000 shares, compared to its average volume of 737,882. News Co. has a 52 week low of $26.04 and a 52 week high of $35.25. The stock has a market cap of $18.22 billion, a PE ratio of 44.10 and a beta of 1.28. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.73. The business's 50 day moving average price is $31.25 and its 200-day moving average price is $31.50.

News (NASDAQ:NWS - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.05). News had a return on equity of 5.31% and a net margin of 4.22%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2 billion. Analysts expect that News Co. 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.