SG Americas Securities LLC Takes $379,000 Position in News Corporation (NASDAQ:NWS)

SG Americas Securities LLC purchased a new stake in News Corporation (NASDAQ:NWS - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,473 shares of the company's stock, valued at approximately $379,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NWS. Smartleaf Asset Management LLC raised its position in News by 136.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,217 shares of the company's stock valued at $37,000 after purchasing an additional 702 shares in the last quarter. ExodusPoint Capital Management LP acquired a new position in News during the fourth quarter valued at approximately $43,000. Mufg Securities Americas Inc. bought a new stake in shares of News during the fourth quarter worth $50,000. Harvest Fund Management Co. Ltd grew its stake in shares of News by 2,892.8% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 2,065 shares of the company's stock worth $61,000 after buying an additional 1,996 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new stake in shares of News during the fourth quarter worth $91,000. 14.63% of the stock is currently owned by institutional investors and hedge funds.

News Price Performance

Shares of NASDAQ NWS traded up $0.24 during midday trading on Thursday, reaching $33.96. 476,908 shares of the company were exchanged, compared to its average volume of 734,793. The stock's 50-day moving average price is $32.07 and its 200-day moving average price is $31.52. The stock has a market cap of $19.23 billion, a P/E ratio of 39.49 and a beta of 1.23. News Corporation has a one year low of $26.04 and a one year high of $35.25. The company has a quick ratio of 1.60, a current ratio of 1.68 and a debt-to-equity ratio of 0.21.

News (NASDAQ:NWS - Get Free Report) last issued 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 return on equity of 5.64% and a net margin of 5.18%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2 billion. On average, sell-side analysts anticipate that News Corporation will post 1.03 earnings per share for the current fiscal year.

News 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.