Sumitomo Mitsui Trust Holdings Inc. Purchases 19,729 Shares of News Co. (NASDAQ:NWSA)

Sumitomo Mitsui Trust Holdings Inc. lifted its stake in News Co. (NASDAQ:NWSAFree Report) by 2.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 919,598 shares of the company’s stock after purchasing an additional 19,729 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.16% of News worth $24,075,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of NWSA. Lindbrook Capital LLC increased its stake in shares of News by 153.1% in the 4th quarter. Lindbrook Capital LLC now owns 1,635 shares of the company’s stock worth $40,000 after purchasing an additional 989 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of News in the 4th quarter worth $45,000. Financial Management Professionals Inc. purchased a new stake in shares of News in the 4th quarter worth $49,000. Blue Trust Inc. increased its stake in shares of News by 65.1% in the 4th quarter. Blue Trust Inc. now owns 2,655 shares of the company’s stock worth $65,000 after purchasing an additional 1,047 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of News by 120.5% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,897 shares of the company’s stock worth $71,000 after purchasing an additional 1,583 shares in the last quarter. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

News Trading Down 0.8 %

Shares of NWSA stock opened at $27.25 on Tuesday. News Co. has a 52-week low of $19.09 and a 52-week high of $28.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.25 and a current ratio of 1.36. The firm has a market capitalization of $15.53 billion, a PE ratio of 75.69 and a beta of 1.33. The stock has a fifty day simple moving average of $26.52 and a two-hundred day simple moving average of $25.64.

News (NASDAQ:NWSAGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. News had a return on equity of 4.28% and a net margin of 2.09%. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same quarter in the prior year, the business posted $0.09 EPS. News’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, 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.

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Institutional Ownership by Quarter for News (NASDAQ:NWSA)

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