Fmr LLC trimmed its position in News Corporation (NASDAQ:NWS) by 7.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,055 shares of the company’s stock after selling 2,920 shares during the quarter. Fmr LLC’s holdings in News Corporation were worth $482,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of NWS. Teachers Advisors LLC raised its holdings in News Corporation by 9.6% in the 1st quarter. Teachers Advisors LLC now owns 160,493 shares of the company’s stock valued at $2,167,000 after acquiring an additional 14,027 shares during the period. SG Americas Securities LLC raised its holdings in News Corporation by 117.9% in the 2nd quarter. SG Americas Securities LLC now owns 115,344 shares of the company’s stock valued at $1,632,000 after acquiring an additional 62,401 shares during the period. LS Investment Advisors LLC raised its holdings in News Corporation by 15.3% in the 2nd quarter. LS Investment Advisors LLC now owns 7,601 shares of the company’s stock valued at $108,000 after acquiring an additional 1,010 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in News Corporation by 8.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 572,675 shares of the company’s stock valued at $8,104,000 after acquiring an additional 44,881 shares during the period. Finally, Matthews International Capital Management LLC bought a new position in News Corporation in the 2nd quarter valued at about $303,000. 9.73% of the stock is currently owned by institutional investors.
News Corporation (NASDAQ:NWS) opened at $15.55 on Friday. The firm has a market cap of $9,049.09, a PE ratio of 35.34 and a beta of 1.88. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.02. News Corporation has a fifty-two week low of $11.75 and a fifty-two week high of $16.20.
News Corporation (NASDAQ:NWS) last announced its earnings results on Thursday, August 10th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.05. News Corporation had a negative net margin of 7.96% and a positive return on equity of 2.27%. The firm had revenue of $2.08 billion for the quarter.
Several research analysts have weighed in on the stock. BidaskClub raised shares of News Corporation from a “sell” rating to a “hold” rating in a report on Saturday. Citigroup Inc. raised shares of News Corporation from a “neutral” rating to a “buy” rating in a report on Wednesday, July 26th.
In other News Corporation news, CFO Kevin Halpin sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $14.50, for a total transaction of $72,500.00. Following the transaction, the chief financial officer now owns 29,855 shares in the company, valued at approximately $432,897.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 39.40% of the company’s stock.
About News Corporation
News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.
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