News Co. (NASDAQ:NWS) Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC lifted its stake in News Co. (NASDAQ:NWS) by 5.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 103,000 shares of the company’s stock after acquiring an additional 5,500 shares during the quarter. Gabelli Funds LLC’s holdings in News were worth $2,649,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new position in shares of News in the 4th quarter worth approximately $27,000. V Square Quantitative Management LLC acquired a new position in shares of News in the 3rd quarter worth approximately $48,000. GAMMA Investing LLC purchased a new stake in News during the 4th quarter worth approximately $73,000. TFO Wealth Partners LLC increased its stake in News by 101,516.7% during the 4th quarter. TFO Wealth Partners LLC now owns 6,097 shares of the company’s stock worth $154,000 after buying an additional 6,091 shares during the period. Finally, Daiwa Securities Group Inc. increased its stake in News by 147.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,755 shares of the company’s stock worth $174,000 after buying an additional 4,028 shares during the period. 14.63% of the stock is currently owned by institutional investors and hedge funds.

News Price Performance

Shares of NWS opened at $27.79 on Friday. News Co. has a fifty-two week low of $18.84 and a fifty-two week high of $28.92. The firm’s 50 day moving average price is $26.21 and its 200 day moving average price is $25.86. The company has a market cap of $15.84 billion, a P/E ratio of 77.19 and a beta of 1.39. The company has a quick ratio of 1.25, a current ratio of 1.36 and a debt-to-equity ratio of 0.32.

News (NASDAQ:NWS) last announced its earnings results on Wednesday, May 8th. The company reported $0.11 earnings per share for the quarter. News had a net margin of 2.09% and a return on equity of 4.28%. The firm had revenue of $2.42 billion for the quarter.

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 in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.