Squarepoint Ops LLC Makes New $1.15 Million Investment in News Co. (NASDAQ:NWS)

Squarepoint Ops LLC purchased a new stake in News Co. (NASDAQ:NWS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 37,901 shares of the company's stock, valued at approximately $1,153,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wilmington Savings Fund Society FSB boosted its holdings in shares of News by 123.7% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 935 shares of the company's stock worth $28,000 after acquiring an additional 517 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of News by 136.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,217 shares of the company's stock valued at $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 approximately $43,000. Mufg Securities Americas Inc. bought a new stake in shares of News in the fourth quarter valued at approximately $50,000. Finally, Harvest Fund Management Co. Ltd boosted its stake in shares of News by 2,892.8% in the fourth 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. Institutional investors and hedge funds own 14.63% of the company's stock.

News Price Performance

NASDAQ NWS traded down $0.15 on Tuesday, hitting $32.33. 353,275 shares of the company's stock were exchanged, compared to its average volume of 738,094. The stock has a 50-day moving average of $31.12 and a 200-day moving average of $31.49. The company has a current ratio of 1.73, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22. News Co. has a 52 week low of $26.04 and a 52 week high of $35.25. The stock has a market cap of $18.30 billion, a price-to-earnings ratio of 44.29 and a beta of 1.28.

News (NASDAQ:NWS - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.05). News had a net margin of 4.22% and a return on equity of 5.31%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2 billion. Analysts expect that News Co. will post 1.03 earnings per share for the current year.

News Company 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.