News Co. (NASDAQ:NWS) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. lowered its position in News Co. (NASDAQ:NWS - Free Report) by 78.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,640 shares of the company's stock after selling 24,303 shares during the period. Point72 Asset Management L.P.'s holdings in News were worth $202,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new stake in shares of News during the 4th quarter valued at approximately $96,000. Quantinno Capital Management LP boosted its holdings in shares of News by 43.9% during the fourth quarter. Quantinno Capital Management LP now owns 41,176 shares of the company's stock worth $1,253,000 after purchasing an additional 12,568 shares during the last quarter. Mufg Securities Americas Inc. acquired a new position in shares of News during the 4th quarter valued at about $50,000. Jefferies Financial Group Inc. increased its position in News by 120.9% during the fourth quarter. Jefferies Financial Group Inc. now owns 222,827 shares of the company's stock worth $6,781,000 after purchasing an additional 121,970 shares during the last quarter. Finally, Ethic Inc. raised its position in shares of News by 3.4% in the 4th quarter. Ethic Inc. now owns 52,950 shares of the company's stock worth $1,611,000 after buying an additional 1,743 shares during the period. Hedge funds and other institutional investors own 14.63% of the company's stock.

News Trading Down 0.5%

NWS stock traded down $0.18 during midday trading on Friday, reaching $32.72. 71,779 shares of the company's stock traded hands, compared to its average volume of 735,970. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.65. News Co. has a fifty-two week low of $26.04 and a fifty-two week high of $35.25. The business has a 50-day moving average price of $31.05 and a two-hundred day moving average price of $31.48. The company has a market capitalization of $18.52 billion, a P/E ratio of 44.81 and a beta of 1.28.

News (NASDAQ:NWS - Get Free Report) last posted 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). News had a net margin of 4.22% and a return on equity of 5.31%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2 billion. Equities research analysts forecast that News Co. will post 1.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.