UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $6.35 Million Holdings 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% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 208,764 shares of the company's stock after buying 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 Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. 59 North Capital Management LP boosted its stake in shares of News by 29.4% during the 4th quarter. 59 North Capital Management LP now owns 4,345,606 shares of the company's stock valued at $132,237,000 after buying an additional 986,781 shares during the period. Independent Franchise Partners LLP raised its holdings in shares of News by 7.0% during the fourth quarter. Independent Franchise Partners LLP now owns 9,649,717 shares of the company's stock worth $293,641,000 after acquiring an additional 627,774 shares in the last quarter. Norges Bank acquired a new stake in News during the fourth quarter valued at $14,338,000. Dimensional Fund Advisors LP grew its stake in News by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,965,125 shares of the company's stock valued at $59,799,000 after purchasing an additional 160,922 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in News by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 6,535,237 shares of the company's stock worth $198,867,000 after purchasing an additional 138,680 shares during the last quarter. 14.63% of the stock is owned by hedge funds and other institutional investors.

News Stock Down 1.1%

Shares of News stock traded down $0.34 during trading on Friday, hitting $31.85. 747,620 shares of the stock traded hands, compared to its average volume of 738,087. The stock has a market cap of $18.03 billion, a P/E ratio of 43.63 and a beta of 1.28. The company has a fifty day moving average price of $31.28 and a two-hundred day moving average price of $31.50. News Co. has a twelve month low of $26.04 and a twelve month high of $35.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.73.

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). The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2 billion. News had a net margin of 4.22% and a return on equity of 5.31%. Equities research analysts predict that News Co. will post 1.03 EPS 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.