XTX Topco Ltd Invests $858,000 in News Corporation (NASDAQ:NWS)

Key Points

• XTX Topco Ltd has acquired 28,250 shares of News Corporation (NASDAQ:NWS), valued at approximately $858,000, marking a new investment in the company during the 1st quarter.
• Other institutional investors, such as CWM LLC and Asset Management One Co. Ltd., have also increased their stakes in News Corporation recently, indicating growing interest among hedge funds.
• News Corporation reported a quarterly earnings miss with $0.17 EPS, below the expected $0.22, while revenue reached $2.01 billion, surpassing analysts' estimates.

XTX Topco Ltd bought a new stake in News Corporation (NASDAQ:NWS - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,250 shares of the company's stock, valued at approximately $858,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC raised its position in News by 77.1% in the first quarter. LPL Financial LLC now owns 89,231 shares of the company's stock worth $2,710,000 after acquiring an additional 38,858 shares during the period. Cetera Investment Advisers lifted its holdings in shares of News by 60.3% during the 1st quarter. Cetera Investment Advisers now owns 59,592 shares of the company's stock worth $1,810,000 after acquiring an additional 22,421 shares during the last quarter. Dorsey Wright & Associates raised its holdings in shares of News by 2.4% during the 1st quarter. Dorsey Wright & Associates now owns 112,409 shares of the company's stock valued at $3,414,000 after buying an additional 2,624 shares in the last quarter. Burns Matteson Capital Management LLC bought a new stake in News in the 1st quarter worth approximately $233,000. Finally, CWM LLC lifted its position in News by 9.6% in the 1st quarter. CWM LLC now owns 4,837 shares of the company's stock worth $147,000 after buying an additional 425 shares during the last quarter. Institutional investors and hedge funds own 14.63% of the company's stock.

News Stock Down 0.1%

News stock traded down $0.05 during mid-day trading on Tuesday, hitting $33.55. The company had a trading volume of 1,064,202 shares, compared to its average volume of 599,030. The company has a market capitalization of $18.99 billion, a PE ratio of 39.01 and a beta of 1.23. The company has a current ratio of 1.68, a quick ratio of 1.60 and a debt-to-equity ratio of 0.21. News Corporation has a 12 month low of $26.25 and a 12 month high of $35.41. The stock's 50 day moving average price is $33.31 and its two-hundred day moving average price is $32.16.

News (NASDAQ:NWS - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. News had a return on equity of 5.64% and a net margin of 5.18%. As a group, sell-side analysts anticipate that News Corporation will post 1.03 earnings per share for the current fiscal 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.