News Co. (NASDAQ:NWS) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its holdings in News Co. (NASDAQ:NWS) by 3.1% in the fourth quarter, HoldingsChannel reports. The firm owned 25,302 shares of the company’s stock after selling 814 shares during the quarter. Retirement Systems of Alabama’s holdings in News were worth $651,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in NWS. Vanguard Group Inc. grew its stake in shares of News by 1.6% during the third quarter. Vanguard Group Inc. now owns 4,157,578 shares of the company’s stock worth $86,769,000 after purchasing an additional 66,564 shares in the last quarter. Invesco Ltd. increased its holdings in shares of News by 4.6% in the 3rd quarter. Invesco Ltd. now owns 1,700,320 shares of the company’s stock valued at $35,486,000 after acquiring an additional 74,367 shares during the last quarter. Northern Trust Corp raised its position in shares of News by 9.1% during the 3rd quarter. Northern Trust Corp now owns 992,782 shares of the company’s stock worth $20,719,000 after acquiring an additional 83,025 shares in the last quarter. UBS Group AG boosted its holdings in 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 in the last quarter. Finally, ING Groep NV increased its stake in News by 3,420.1% in the third quarter. ING Groep NV now owns 590,501 shares of the company’s stock valued at $12,324,000 after purchasing an additional 573,726 shares during the last quarter. 14.63% of the stock is currently owned by institutional investors and hedge funds.

News Stock Down 1.3 %

Shares of NASDAQ:NWS opened at $24.93 on Thursday. The company has a current ratio of 1.44, a quick ratio of 1.33 and a debt-to-equity ratio of 0.33. The firm has a 50 day simple moving average of $26.14 and a 200-day simple moving average of $25.03. The company has a market capitalization of $14.24 billion, a PE ratio of 62.33 and a beta of 1.37. News Co. has a twelve month low of $16.49 and a twelve month high of $28.92.

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

News Company 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.