News Co. (NASDAQ:NWS) Sees Significant Decrease in Short Interest

News Co. (NASDAQ:NWSGet Rating) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 874,300 shares, a drop of 28.3% from the March 15th total of 1,220,000 shares. Based on an average daily trading volume, of 537,200 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.8% of the shares of the stock are short sold.

News stock traded down $0.60 during mid-day trading on Friday, hitting $21.48. The stock had a trading volume of 492,976 shares, compared to its average volume of 481,309. The stock has a 50-day simple moving average of $22.24 and a two-hundred day simple moving average of $22.57. The stock has a market capitalization of $12.66 billion, a PE ratio of 25.57 and a beta of 1.39. News has a 12 month low of $20.33 and a 12 month high of $26.21. The company has a current ratio of 1.42, a quick ratio of 1.35 and a debt-to-equity ratio of 0.21.

News (NASDAQ:NWSGet Rating) last posted its quarterly earnings results on Thursday, February 3rd. The company reported $0.44 earnings per share (EPS) for the quarter. The business had revenue of $2.72 billion for the quarter. News had a return on equity of 5.95% and a net margin of 4.94%.

The company also recently declared a Semi-Annual dividend, which was paid on Wednesday, April 13th. Investors of record on Wednesday, March 16th were issued a $0.10 dividend. This represents a yield of 0.9%. The ex-dividend date was Tuesday, March 15th. News’s dividend payout ratio is 23.81%.

A number of institutional investors have recently bought and sold shares of NWS. Wahed Invest LLC bought a new position in News during the fourth quarter worth about $32,000. Fifth Third Bancorp boosted its holdings in News by 63.1% during the fourth quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock worth $44,000 after buying an additional 756 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in News by 40.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,173 shares of the company’s stock worth $49,000 after buying an additional 624 shares during the last quarter. Paragon Capital Management Ltd bought a new position in News during the fourth quarter worth about $72,000. Finally, Franklin Resources Inc. boosted its holdings in News by 127.9% during the third quarter. Franklin Resources Inc. now owns 3,792 shares of the company’s stock worth $88,000 after buying an additional 2,128 shares during the last quarter. Institutional investors and hedge funds own 23.48% of the company’s stock.

About News (Get Rating)

News Corporation, a media and information services company, focuses on creating and distributing content 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. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and Investor's Business Daily through various media channels, such as newspapers, newswires, websites, applications for mobile devices, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, videos, and podcasts.

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