Allspring Global Investments Holdings LLC trimmed its position in shares of News Corporation (NASDAQ:NWS - Free Report) by 70.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,835 shares of the company's stock after selling 11,793 shares during the period. Allspring Global Investments Holdings LLC's holdings in News were worth $146,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. ExodusPoint Capital Management LP acquired a new stake in News in the 4th quarter valued at $43,000. Mufg Securities Americas Inc. acquired a new stake in News in the 4th quarter valued at $50,000. Harvest Fund Management Co. Ltd increased its holdings in News by 2,892.8% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 2,065 shares of the company's stock valued at $61,000 after purchasing an additional 1,996 shares in the last quarter. Canada Post Corp Registered Pension Plan acquired a new stake in News in the 4th quarter valued at $91,000. Finally, Point72 Hong Kong Ltd acquired a new stake in News in the 4th quarter valued at $96,000. 14.63% of the stock is currently owned by institutional investors and hedge funds.
News Stock Down 0.5%
Shares of News stock opened at $34.29 on Friday. The business has a 50-day moving average of $32.88 and a 200-day moving average of $31.76. 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 capitalization of $19.41 billion, a PE ratio of 39.87 and a beta of 1.23. News Corporation has a 1-year low of $26.04 and a 1-year high of $35.25.
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 the consensus estimate of $0.22 by ($0.05). The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2 billion. News had a net margin of 5.18% and a return on equity of 5.64%. As a group, equities analysts forecast that News Corporation will post 1.03 EPS for the current fiscal year.
News Company Profile
(
Free Report)
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.
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