Cibc World Markets Corp Increases Stock Position in News Co. (NASDAQ:NWS)

Cibc World Markets Corp boosted its stake in News Co. (NASDAQ:NWSFree Report) by 31.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,038 shares of the company’s stock after purchasing an additional 18,362 shares during the quarter. Cibc World Markets Corp’s holdings in News were worth $1,981,000 as of its most recent SEC filing.

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

News Stock Down 1.8 %

Shares of NASDAQ NWS opened at $27.79 on Monday. The firm’s 50-day moving average price is $26.21 and its 200-day moving average price is $25.88. 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 capitalization of $15.84 billion, a price-to-earnings ratio of 77.19 and a beta of 1.39. News Co. has a 12-month low of $18.84 and a 12-month high of $28.92.

News (NASDAQ:NWSGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.11 EPS for the quarter. The company had revenue of $2.42 billion for the quarter. News had a net margin of 2.09% and a return on equity of 4.28%.

News Company 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.

See Also

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Institutional Ownership by Quarter for News (NASDAQ:NWS)

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