SG Americas Securities LLC Purchases 37,782 Shares of News Corporation $NWS

SG Americas Securities LLC grew its holdings in shares of News Corporation (NASDAQ:NWS) by 81.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 84,434 shares of the company’s stock after buying an additional 37,782 shares during the period. SG Americas Securities LLC’s holdings in News were worth $2,917,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Perpetual Ltd purchased a new stake in News in the third quarter worth $19,456,000. Norges Bank bought a new position in shares of News in the second quarter worth about $14,705,000. Jane Street Group LLC increased its stake in News by 352.2% in the 2nd quarter. Jane Street Group LLC now owns 444,538 shares of the company’s stock worth $15,252,000 after buying an additional 346,233 shares during the period. HRT Financial LP bought a new stake in News during the 2nd quarter valued at about $9,443,000. Finally, BNP Paribas Financial Markets boosted its position in News by 81.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 526,882 shares of the company’s stock valued at $18,077,000 after buying an additional 235,840 shares during the period. Hedge funds and other institutional investors own 14.63% of the company’s stock.

News Stock Performance

Shares of News stock opened at $30.50 on Tuesday. The company has a market capitalization of $17.13 billion, a PE ratio of 14.73 and a beta of 0.95. The company has a 50-day simple moving average of $29.54 and a two-hundred day simple moving average of $31.73. News Corporation has a one year low of $26.25 and a one year high of $35.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.63 and a current ratio of 1.76.

News (NASDAQ:NWS) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.11 billion. News had a net margin of 13.80% and a return on equity of 5.68%. Research analysts expect that News Corporation will post 1.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on NWS shares. Zacks Research raised shares of News from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of News in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

News Profile

News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.