1,653 Shares in News Co. (NASDAQ:NWS) Purchased by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. acquired a new position in shares of News Co. (NASDAQ:NWS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,653 shares of the company’s stock, valued at approximately $50,000.

Several other hedge funds have also bought and sold shares of the business. Dorsey Wright & Associates boosted its stake in News by 0.3% during the fourth quarter. Dorsey Wright & Associates now owns 109,785 shares of the company’s stock worth $3,341,000 after acquiring an additional 330 shares in the last quarter. iA Global Asset Management Inc. boosted its stake in News by 13.9% during the fourth quarter. iA Global Asset Management Inc. now owns 3,195 shares of the company’s stock worth $97,000 after acquiring an additional 390 shares in the last quarter. American Century Companies Inc. boosted its stake in News by 1.5% during the fourth quarter. American Century Companies Inc. now owns 29,896 shares of the company’s stock worth $910,000 after acquiring an additional 429 shares in the last quarter. MetLife Investment Management LLC lifted its stake in shares of News by 1.5% in the fourth quarter. MetLife Investment Management LLC now owns 29,660 shares of the company’s stock worth $903,000 after buying an additional 450 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake 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 worth $82,000 after buying an additional 497 shares in the last quarter. Institutional investors own 14.63% of the company’s stock.

Analyst Ratings Changes

Separately, Seaport Res Ptn upgraded shares of News to a “strong-buy” rating in a research note on Friday, January 31st.

News Trading Up 0.5%

Shares of NASDAQ NWS opened at $32.93 on Friday. The firm’s 50 day moving average price is $30.73 and its 200-day moving average price is $31.36. The company has a market cap of $18.64 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 debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.73.

News (NASDAQ:NWS) last issued 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 firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2 billion. News had a return on equity of 5.31% and a net margin of 4.22%. On average, equities research analysts expect that News Co. will post 1.03 EPS 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.