ProShare Advisors LLC Sells 11,257 Shares of News Co. (NASDAQ:NWS)

ProShare Advisors LLC reduced its stake in News Co. (NASDAQ:NWS - Free Report) by 39.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,017 shares of the company's stock after selling 11,257 shares during the quarter. ProShare Advisors LLC's holdings in News were worth $518,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NWS. Wilmington Savings Fund Society FSB increased its holdings in News by 123.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 935 shares of the company's stock valued at $28,000 after buying an additional 517 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of News by 136.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,217 shares of the company's stock worth $37,000 after acquiring an additional 702 shares during the period. ExodusPoint Capital Management LP acquired a new position in shares of News during the 4th quarter valued at $43,000. Mufg Securities Americas Inc. acquired a new stake in News in the 4th quarter valued at about $50,000. Finally, Harvest Fund Management Co. Ltd lifted its position in shares of News by 2,892.8% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 2,065 shares of the company's stock valued at $61,000 after acquiring an additional 1,996 shares during the last quarter. Institutional investors and hedge funds own 14.63% of the company's stock.

Analyst Ratings Changes

Separately, Seaport Res Ptn upgraded shares of News to a "strong-buy" rating in a research report on Friday, January 31st.

News Stock Performance

NASDAQ NWS traded down $0.28 during trading on Friday, hitting $32.62. The company's stock had a trading volume of 730,058 shares, compared to its average volume of 739,175. The firm has a 50 day moving average price of $31.08 and a 200 day moving average price of $31.48. News Co. has a 52 week low of $26.04 and a 52 week high of $35.25. The company has a quick ratio of 1.65, a current ratio of 1.73 and a debt-to-equity ratio of 0.22. The firm has a market cap of $18.47 billion, a P/E ratio of 44.69 and a beta of 1.28.

News (NASDAQ:NWS - Get Free Report) last announced 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 firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2 billion. News had a net margin of 4.22% and a return on equity of 5.31%. Equities research analysts forecast that News Co. will post 1.03 earnings per share for the current fiscal 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.