Jefferies Financial Group Inc. Acquires 134,148 Shares of News Corporation (NASDAQ:NWS)

Key Points

• Jefferies Financial Group Inc. increased its stake in News Corporation by 60.2%, acquiring an additional 134,148 shares during the first quarter, bringing its total ownership to approximately $10.84 million.
• Other institutional investors also boosted their positions in News Corporation, with Independent Franchise Partners LLP and Vanguard Group Inc. increasing their holdings significantly in the fourth quarter.
• News Corporation reported earnings of $0.17 per share, falling short of analysts' expectations of $0.22, despite generating revenues of $2.01 billion for the quarter.

Jefferies Financial Group Inc. boosted its holdings in shares of News Corporation (NASDAQ:NWS - Free Report) by 60.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 356,975 shares of the company's stock after acquiring an additional 134,148 shares during the quarter. Jefferies Financial Group Inc. owned 0.06% of News worth $10,841,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NWS. First Horizon Advisors Inc. boosted its position in shares of News by 3,546.2% during the 1st quarter. First Horizon Advisors Inc. now owns 948 shares of the company's stock worth $29,000 after purchasing an additional 922 shares in the last quarter. ExodusPoint Capital Management LP acquired a new stake in News in the fourth quarter valued at approximately $43,000. Mufg Securities Americas Inc. bought a new stake in shares of News during the fourth quarter valued at approximately $50,000. Canada Post Corp Registered Pension Plan acquired a new position in shares of News during the fourth quarter worth approximately $91,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of News in the 4th quarter worth $96,000. 14.63% of the stock is owned by institutional investors.

News Stock Up 0.9%

Shares of News stock traded up $0.30 during trading hours on Monday, reaching $33.55. The company's stock had a trading volume of 155,929 shares, compared to its average volume of 743,815. News Corporation has a one year low of $26.04 and a one year high of $35.41. The company has a market capitalization of $18.99 billion, a P/E ratio of 39.03 and a beta of 1.23. The stock's fifty day simple moving average is $33.27 and its two-hundred day simple moving average is $32.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.60 and a current ratio of 1.68.

News (NASDAQ:NWS - Get Free Report) last released its quarterly earnings data 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 net margin of 5.18% and a return on equity of 5.64%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2 billion. On average, research analysts forecast 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.