News Corporation (NASDAQ:NWS - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $35.41 and last traded at $34.20, with a volume of 798361 shares. The stock had previously closed at $34.55.
News Price Performance
The company has a quick ratio of 1.60, a current ratio of 1.68 and a debt-to-equity ratio of 0.21. The firm's fifty day simple moving average is $33.01 and its 200-day simple moving average is $31.83. The firm has a market capitalization of $19.71 billion, a PE ratio of 40.49 and a beta of 1.23.
News (NASDAQ:NWS - Get Free Report) last released 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 company had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2 billion. News had a net margin of 5.18% and a return on equity of 5.64%. On average, research analysts forecast that News Corporation will post 1.03 earnings per share for the current fiscal year.
Institutional Trading of News
Several large investors have recently added to or reduced their stakes in the business. Independent Franchise Partners LLP boosted its position in shares of News by 0.8% during the first quarter. Independent Franchise Partners LLP now owns 9,728,572 shares of the company's stock worth $295,457,000 after acquiring an additional 78,855 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of News by 5.3% during the first quarter. Vanguard Group Inc. now owns 6,879,273 shares of the company's stock worth $208,924,000 after acquiring an additional 344,036 shares during the last quarter. 59 North Capital Management LP boosted its position in shares of News by 29.4% during the fourth quarter. 59 North Capital Management LP now owns 4,345,606 shares of the company's stock worth $132,237,000 after acquiring an additional 986,781 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of News by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 2,855,707 shares of the company's stock worth $86,799,000 after acquiring an additional 13,329 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in 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 purchasing an additional 160,922 shares in the last quarter. 14.63% of the stock is currently owned by institutional investors.
About News
(
Get 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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