News Corp (NASDAQ:NWS) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its holdings in News Corp (NASDAQ:NWS) by 6.2% during the first quarter, Holdings Channel reports. The fund owned 198,000 shares of the company’s stock after selling 13,100 shares during the quarter. New York State Common Retirement Fund’s holdings in News were worth $2,473,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NWS. Norges Bank bought a new position in News in the 4th quarter worth about $13,663,000. Dimensional Fund Advisors LP increased its position in shares of News by 39.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,032,455 shares of the company’s stock valued at $23,474,000 after purchasing an additional 574,125 shares during the last quarter. Barclays PLC increased its position in shares of News by 200.2% during the 4th quarter. Barclays PLC now owns 375,890 shares of the company’s stock valued at $4,342,000 after purchasing an additional 250,697 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of News by 463.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 287,431 shares of the company’s stock valued at $3,590,000 after purchasing an additional 236,390 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of News by 3.2% during the 4th quarter. BlackRock Inc. now owns 6,496,038 shares of the company’s stock valued at $75,029,000 after purchasing an additional 198,839 shares during the last quarter. Institutional investors and hedge funds own 9.84% of the company’s stock.

Several equities analysts have recently commented on NWS shares. BidaskClub lowered News from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. TheStreet lowered News from a “c” rating to a “d+” rating in a research report on Tuesday, March 19th.

Shares of News stock opened at $12.07 on Thursday. The stock has a market cap of $7.10 billion, a PE ratio of 25.81 and a beta of 1.36. News Corp has a 12 month low of $10.85 and a 12 month high of $16.67. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.04 and a current ratio of 1.15.

News (NASDAQ:NWS) last issued its earnings results on Thursday, May 9th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.03. The company had revenue of $2.46 billion during the quarter. News had a positive return on equity of 2.59% and a negative net margin of 1.60%.

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News Profile

News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.

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Institutional Ownership by Quarter for News (NASDAQ:NWS)

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