SG Americas Securities LLC purchased a new position in News Corporation (NASDAQ:NWS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,473 shares of the company's stock, valued at approximately $379,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NWS. Smartleaf Asset Management LLC lifted its holdings 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 buying an additional 702 shares during the period. ExodusPoint Capital Management LP bought a new stake in shares of News in the fourth quarter valued at about $43,000. Mufg Securities Americas Inc. purchased a new stake in News in the fourth quarter worth about $50,000. Harvest Fund Management Co. Ltd grew its holdings in News by 2,892.8% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 2,065 shares of the company's stock worth $61,000 after acquiring an additional 1,996 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan purchased a new position in News during the 4th quarter valued at about $91,000. Institutional investors own 14.63% of the company's stock.
News Stock Down 0.3%
Shares of NASDAQ:NWS traded down $0.09 during trading hours on Friday, hitting $33.87. The company's stock had a trading volume of 782,497 shares, compared to its average volume of 730,645. 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 price is $32.22 and its 200 day moving average price is $31.54. News Corporation has a 52 week low of $26.04 and a 52 week high of $35.25. The company has a market capitalization of $19.17 billion, a price-to-earnings ratio of 39.38 and a beta of 1.23.
News (NASDAQ:NWS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.05). The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2 billion. News had a return on equity of 5.64% and a net margin of 5.18%. As a group, research analysts expect that News Corporation will post 1.03 EPS for the current year.
News 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.
Featured Articles
Before you consider News, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and News wasn't on the list.
While News currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
