WINTON GROUP Ltd purchased a new stake in shares of News Corp (NASDAQ:NWS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,632 shares of the company’s stock, valued at approximately $145,000.
Other institutional investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in News during the second quarter valued at approximately $179,000. Paloma Partners Management Co purchased a new position in News during the second quarter valued at approximately $234,000. Strs Ohio purchased a new position in News during the second quarter valued at approximately $532,000. Bank of Montreal Can increased its holdings in News by 64.9% during the third quarter. Bank of Montreal Can now owns 51,873 shares of the company’s stock valued at $704,000 after buying an additional 20,415 shares during the period. Finally, Canada Pension Plan Investment Board increased its holdings in News by 24.8% during the second quarter. Canada Pension Plan Investment Board now owns 103,959 shares of the company’s stock valued at $1,648,000 after buying an additional 20,659 shares during the period. 9.64% of the stock is owned by hedge funds and other institutional investors.
Shares of NWS stock opened at $12.96 on Monday. The company has a market cap of $7.58 billion, a P/E ratio of 23.56 and a beta of 1.52. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.15 and a current ratio of 1.26. News Corp has a 52-week low of $12.57 and a 52-week high of $17.70.
News (NASDAQ:NWS) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.12. News had a negative net margin of 15.61% and a positive return on equity of 2.99%. The business had revenue of $2.52 billion for the quarter.
Several equities analysts recently issued reports on the stock. BidaskClub raised shares of News from a “sell” rating to a “hold” rating in a report on Tuesday, October 16th. Goldman Sachs Group raised shares of News from a “neutral” rating to a “buy” rating in a report on Tuesday, October 9th.
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News Company 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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