UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stake in News Co. (NASDAQ:NWS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of News Co. (NASDAQ:NWS - Free Report) by 4.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 208,764 shares of the company's stock after acquiring an additional 8,991 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in News were worth $6,353,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of NWS. Wilmington Savings Fund Society FSB lifted its stake in News by 123.7% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 935 shares of the company's stock valued at $28,000 after purchasing an additional 517 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in 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 acquiring an additional 702 shares during the last quarter. ExodusPoint Capital Management LP acquired a new stake in News in the fourth quarter valued at about $43,000. Mufg Securities Americas Inc. acquired a new position in News during the 4th quarter worth approximately $50,000. Finally, Harvest Fund Management Co. Ltd boosted its holdings in shares of News by 2,892.8% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 2,065 shares of the company's stock valued at $61,000 after acquiring an additional 1,996 shares in the last quarter. Institutional investors own 14.63% of the company's stock.

News Trading Up 0.2%

NASDAQ NWS traded up $0.05 on Thursday, reaching $32.21. The company had a trading volume of 210,188 shares, compared to its average volume of 736,855. 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 of $31.21 and a two-hundred day moving average of $31.50. The firm has a market cap of $18.23 billion, a price-to-earnings ratio of 44.13 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 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.05). News had a return on equity of 5.31% and a net margin of 4.22%. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2 billion. Analysts forecast that News Co. will post 1.03 EPS for the current year.

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.