Lido Advisors LLC Takes Position in News Co. (NASDAQ:NWS)

Lido Advisors LLC acquired a new position in shares of News Co. (NASDAQ:NWS) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,690 shares of the company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NWS. JPMorgan Chase & Co. boosted its holdings in News by 101.0% in the third quarter. JPMorgan Chase & Co. now owns 496,926 shares of the company’s stock worth $13,889,000 after acquiring an additional 249,659 shares in the last quarter. GAMMA Investing LLC boosted its stake in News by 28.5% in the 4th quarter. GAMMA Investing LLC now owns 7,790 shares of the company’s stock worth $237,000 after purchasing an additional 1,729 shares in the last quarter. Czech National Bank grew its position in News by 6.2% during the 4th quarter. Czech National Bank now owns 24,281 shares of the company’s stock worth $739,000 after purchasing an additional 1,414 shares during the last quarter. Avanza Fonder AB purchased a new position in shares of News in the fourth quarter worth $224,000. Finally, Baker Ellis Asset Management LLC lifted its stake in shares of News by 30.0% during the fourth quarter. Baker Ellis Asset Management LLC now owns 33,860 shares of the company’s stock worth $1,030,000 after buying an additional 7,810 shares during the period. Hedge funds and other institutional investors own 14.63% of the company’s stock.

Analyst Ratings Changes

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

News Price Performance

Shares of NASDAQ:NWS opened at $32.04 on Wednesday. The company has a current ratio of 1.73, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22. News Co. has a twelve month low of $23.99 and a twelve month high of $35.25. The company’s 50 day moving average is $30.56 and its 200 day moving average is $31.10. The company has a market cap of $18.18 billion, a PE ratio of 43.89 and a beta of 1.28.

News (NASDAQ:NWS) last posted its earnings results on Wednesday, February 5th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). News had a net margin of 4.22% and a return on equity of 5.31%. On average, sell-side analysts forecast that News Co. will post 1.03 EPS for the current year.

About News

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.