Tokio Marine Asset Management Co. Ltd. Buys 1,368 Shares of News Co. (NASDAQ:NWSA)

Tokio Marine Asset Management Co. Ltd. boosted its stake in News Co. (NASDAQ:NWSAFree Report) by 12.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,701 shares of the company’s stock after purchasing an additional 1,368 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in News were worth $333,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in NWSA. Lindbrook Capital LLC increased its position in News by 153.1% during the fourth quarter. Lindbrook Capital LLC now owns 1,635 shares of the company’s stock valued at $40,000 after acquiring an additional 989 shares during the last quarter. Principal Securities Inc. bought a new position in shares of News in the 4th quarter worth approximately $45,000. Financial Management Professionals Inc. purchased a new position in shares of News in the fourth quarter worth approximately $49,000. Blue Trust Inc. grew its position in News by 65.1% during the fourth quarter. Blue Trust Inc. now owns 2,655 shares of the company’s stock valued at $65,000 after buying an additional 1,047 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in News by 120.5% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,897 shares of the company’s stock worth $71,000 after acquiring an additional 1,583 shares during the period. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

News Trading Down 0.8 %

Shares of News stock opened at $27.25 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 1.25. The stock has a market capitalization of $15.53 billion, a PE ratio of 75.69 and a beta of 1.33. News Co. has a 1-year low of $19.09 and a 1-year high of $28.00. The company’s fifty day simple moving average is $26.52 and its 200-day simple moving average is $25.64.

News (NASDAQ:NWSAGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.11 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 analysts’ expectations of $2.45 billion. During the same quarter in the prior year, the business posted $0.09 earnings per share. The business’s quarterly revenue was down 1.0% on a year-over-year basis. As a group, equities analysts anticipate that News Co. will post 0.67 earnings per share for the current 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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