News Co. (NASDAQ:NWS) Shares Bought by Metropolis Capital Ltd

Metropolis Capital Ltd raised its holdings in News Co. (NASDAQ:NWS - Free Report) by 11.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 609,566 shares of the company's stock after buying an additional 64,248 shares during the period. News makes up approximately 0.7% of Metropolis Capital Ltd's portfolio, making the stock its 15th largest position. Metropolis Capital Ltd owned 0.11% of News worth $18,513,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NWS. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of News by 34.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,051 shares of the company's stock valued at $340,000 after purchasing an additional 2,804 shares in the last quarter. Wilmington Savings Fund Society FSB raised its holdings in shares of News by 123.7% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 935 shares of the company's stock valued at $28,000 after purchasing an additional 517 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of News by 22.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 2,668 shares of the company's stock valued at $82,000 after purchasing an additional 497 shares in the last quarter. ABC Arbitrage SA acquired a new stake in News during the 4th quarter worth $219,000. Finally, Rhumbline Advisers raised its stake in News by 3.7% during the 4th quarter. Rhumbline Advisers now owns 203,657 shares of the company's stock worth $6,197,000 after acquiring an additional 7,238 shares in the last quarter. 14.63% of the stock is currently owned by institutional investors and hedge funds.

News Stock Down 1.0%

NASDAQ:NWS traded down $0.32 during midday trading on Friday, hitting $31.35. 789,401 shares of the company were exchanged, compared to its average volume of 743,380. The company has a fifty day simple moving average of $31.60 and a 200 day simple moving average of $31.49. News Co. has a fifty-two week low of $26.04 and a fifty-two week high of $35.25. The company has a current ratio of 1.73, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $17.75 billion, a PE ratio of 42.95 and a beta of 1.23.

News (NASDAQ:NWS - Get Free Report) last announced its quarterly earnings results 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 5.31% and a net margin of 4.22%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2 billion. As a group, equities analysts anticipate that News Co. will post 1.03 earnings per share 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.