Allianz Asset Management GmbH Has $2.36 Million Stock Holdings in News Co. (NASDAQ:NWSA)

Allianz Asset Management GmbH cut its position in News Co. (NASDAQ:NWSAFree Report) by 14.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,974 shares of the company’s stock after selling 15,712 shares during the quarter. Allianz Asset Management GmbH’s holdings in News were worth $2,356,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in NWSA. Amalgamated Bank increased its position in shares of News by 14.0% during the third quarter. Amalgamated Bank now owns 135,546 shares of the company’s stock valued at $2,719,000 after purchasing an additional 16,608 shares during the period. Banque Cantonale Vaudoise increased its stake in News by 70.4% in the third quarter. Banque Cantonale Vaudoise now owns 5,869 shares of the company’s stock valued at $118,000 after acquiring an additional 2,425 shares during the period. Charles Schwab Investment Management Inc. raised its position in News by 31.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,140,972 shares of the company’s stock worth $83,068,000 after purchasing an additional 984,209 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in News by 13.7% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 51,306 shares of the company’s stock worth $1,029,000 after purchasing an additional 6,190 shares during the period. Finally, Pathstone Family Office LLC acquired a new stake in News during the third quarter valued at approximately $352,000. 66.97% of the stock is owned by institutional investors.

News Trading Down 1.9 %

Shares of NWSA opened at $27.19 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.25 and a debt-to-equity ratio of 0.32. The stock has a market cap of $15.50 billion, a PE ratio of 75.53 and a beta of 1.37. News Co. has a 1 year low of $18.59 and a 1 year high of $28.00. The stock has a 50 day simple moving average of $25.44 and a 200-day simple moving average of $24.88.

News (NASDAQ:NWSAGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. News had a return on equity of 4.28% and a net margin of 2.09%. The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same period in the prior year, the company posted $0.09 earnings per share. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, sell-side analysts predict that News Co. will post 0.67 EPS for the current fiscal year.

News Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for News (NASDAQ:NWSA)

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