New York State Common Retirement Fund Has $2.01 Million Position in News Corporation (NASDAQ:NWS)

New York State Common Retirement Fund raised its stake in shares of News Corporation (NASDAQ:NWS - Free Report) by 22.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,191 shares of the company's stock after buying an additional 12,300 shares during the period. New York State Common Retirement Fund's holdings in News were worth $2,010,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. 59 North Capital Management LP raised its holdings in shares of News by 29.4% during the fourth quarter. 59 North Capital Management LP now owns 4,345,606 shares of the company's stock worth $132,237,000 after acquiring an additional 986,781 shares in the last quarter. Independent Franchise Partners LLP raised its position 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 acquiring an additional 627,774 shares during the last quarter. Norges Bank bought a new stake in shares of News during the 4th quarter valued at $14,338,000. GAMMA Investing LLC raised its position in shares of News by 4,373.6% during the 1st quarter. GAMMA Investing LLC now owns 348,496 shares of the company's stock valued at $11,475,000 after acquiring an additional 340,706 shares during the last quarter. Finally, Cooper Investors PTY Ltd. bought a new stake in shares of News during the 1st quarter valued at $7,155,000. 14.63% of the stock is currently owned by institutional investors and hedge funds.

News Stock Up 0.4%

NWS stock traded up $0.14 during trading hours on Friday, reaching $33.69. 478,446 shares of the stock were exchanged, compared to its average volume of 578,308. News Corporation has a 12 month low of $26.04 and a 12 month high of $35.41. 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 has a market cap of $19.07 billion, a price-to-earnings ratio of 39.17 and a beta of 1.23. The firm's 50-day moving average is $33.17 and its 200-day moving average is $32.01.

News (NASDAQ:NWS - Get Free Report) last issued 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 company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2 billion. On average, equities research analysts expect that News Corporation will post 1.03 earnings per share 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.