Allspring Global Investments Holdings LLC lessened its position in News Corporation (NASDAQ:NWS - Free Report) by 70.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,835 shares of the company's stock after selling 11,793 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in News were worth $146,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. ExodusPoint Capital Management LP acquired a new position in News in the 4th quarter valued at approximately $43,000. Mufg Securities Americas Inc. acquired a new position in News in the 4th quarter valued at approximately $50,000. Harvest Fund Management Co. Ltd increased its stake 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 buying an additional 1,996 shares during the period. Canada Post Corp Registered Pension Plan acquired a new position in News in the 4th quarter valued at approximately $91,000. Finally, Point72 Hong Kong Ltd acquired a new position in News in the 4th quarter valued at approximately $96,000. Hedge funds and other institutional investors own 14.63% of the company's stock.
News Stock Up 0.6%
News stock traded up $0.22 during trading hours on Wednesday, hitting $34.42. The company had a trading volume of 679,761 shares, compared to its average volume of 722,141. The firm has a market capitalization of $19.49 billion, a P/E ratio of 40.02 and a beta of 1.23. 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 firm's fifty day moving average is $32.97 and its 200-day moving average is $31.81. News Corporation has a fifty-two week low of $26.04 and a fifty-two week high of $35.41.
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 the consensus estimate of $0.22 by ($0.05). News had a net margin of 5.18% and a return on equity of 5.64%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates 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
(
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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