News Co. (NASDAQ:NWS) Stock Holdings Reduced by Irenic Capital Management LP

Irenic Capital Management LP trimmed its position in shares of News Co. (NASDAQ:NWS - Free Report) by 46.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,380,261 shares of the company's stock after selling 1,220,728 shares during the quarter. News accounts for 4.5% of Irenic Capital Management LP's investment portfolio, making the stock its 5th largest holding. Irenic Capital Management LP owned 0.24% of News worth $42,001,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NWS. Wilmington Savings Fund Society FSB lifted its holdings in shares of News by 123.7% in the fourth 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 in the last quarter. Smartleaf Asset Management LLC lifted its stake in News by 136.3% during the 4th 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 in the last quarter. ExodusPoint Capital Management LP purchased a new position in News during the 4th quarter worth $43,000. Harvest Fund Management Co. Ltd grew its stake in shares of News by 2,892.8% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 2,065 shares of the company's stock worth $61,000 after acquiring an additional 1,996 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in shares of News by 22.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,668 shares of the company's stock valued at $82,000 after purchasing an additional 497 shares during the last quarter. 14.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Seaport Res Ptn raised shares of News to a "strong-buy" rating in a research report on Friday, January 31st.

News Stock Performance

Shares of NWS traded up $0.15 on Friday, reaching $32.93. 569,882 shares of the company's stock traded hands, compared to its average volume of 736,847. The stock's 50 day simple moving average is $30.69 and its two-hundred day simple moving average is $31.32. The stock has a market cap of $18.68 billion, a PE ratio of 45.11 and a beta of 1.28. News Co. has a 52-week low of $26.04 and a 52-week high of $35.25. 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 (NASDAQ:NWS - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.17 earnings per share (EPS) 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 analysts' expectations of $2 billion. News had a net margin of 4.22% and a return on equity of 5.31%. On average, analysts forecast that News Co. will post 1.03 earnings per share 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.