News Co. (NASDAQ:NWS) Shares Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC raised its stake in News Co. (NASDAQ:NWS) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,907 shares of the company’s stock after acquiring an additional 432 shares during the quarter. New York Life Investment Management LLC’s holdings in News were worth $718,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. UBS Group AG grew its position in shares of News by 49,135.5% in the third quarter. UBS Group AG now owns 614,951 shares of the company’s stock valued at $12,834,000 after purchasing an additional 613,702 shares during the period. ING Groep NV lifted its holdings in shares of News by 3,420.1% during the 3rd quarter. ING Groep NV now owns 590,501 shares of the company’s stock worth $12,324,000 after acquiring an additional 573,726 shares during the period. Barclays PLC boosted its position in shares of News by 85.3% in the third quarter. Barclays PLC now owns 508,722 shares of the company’s stock worth $10,616,000 after acquiring an additional 234,113 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in News in the third quarter valued at approximately $3,569,000. Finally, Bank of Nova Scotia raised its stake in News by 138.1% during the third quarter. Bank of Nova Scotia now owns 257,614 shares of the company’s stock worth $5,376,000 after purchasing an additional 149,408 shares during the period. 14.63% of the stock is currently owned by hedge funds and other institutional investors.

News Stock Down 1.3 %

Shares of NASDAQ NWS opened at $24.93 on Thursday. The stock has a market capitalization of $14.24 billion, a PE ratio of 62.33 and a beta of 1.37. The company has a quick ratio of 1.33, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a fifty day moving average of $26.14 and a 200-day moving average of $25.03. News Co. has a 52-week low of $16.49 and a 52-week high of $28.92.

News (NASDAQ:NWS) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.26 earnings per share (EPS) for the quarter. The firm had revenue of $2.59 billion during the quarter. News had a return on equity of 4.14% and a net margin of 2.29%.

News Profile

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.