Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of News Co. (NASDAQ:NWS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 26,895 shares of the company's stock, valued at approximately $818,000.
Several other hedge funds also recently bought and sold shares of NWS. Independent Franchise Partners LLP raised its stake 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 valued at $293,641,000 after acquiring an additional 627,774 shares in the last quarter. Vanguard Group Inc. raised its position in News by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 6,535,237 shares of the company's stock valued at $198,867,000 after purchasing an additional 138,680 shares in the last quarter. 59 North Capital Management LP lifted its holdings in shares of News by 29.4% in the 4th quarter. 59 North Capital Management LP now owns 4,345,606 shares of the company's stock worth $132,237,000 after buying an additional 986,781 shares during the period. Geode Capital Management LLC grew its position in shares of News by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,855,707 shares of the company's stock worth $86,799,000 after buying an additional 13,329 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of News by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,965,125 shares of the company's stock valued at $59,799,000 after buying an additional 160,922 shares during the period. Institutional investors own 14.63% of the company's stock.
News Stock Down 1.0%
News stock traded down $0.32 during mid-day trading on Friday, reaching $31.88. 355,981 shares of the company were exchanged, compared to its average volume of 736,399. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.73. The firm has a market cap of $18.04 billion, a P/E ratio of 43.66 and a beta of 1.28. The business has a fifty day moving average of $31.25 and a 200 day moving average of $31.50. News Co. has a 12-month low of $26.04 and a 12-month high of $35.25.
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 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 company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2 billion. Research analysts anticipate that News Co. will post 1.03 earnings per share for the current fiscal year.
About News
(
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.
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