Mirae Asset Global Investments Co. Ltd. Buys 1,739 Shares of News Corporation (NASDAQ:NWS)

Mirae Asset Global Investments Co. Ltd. boosted its position in News Corporation (NASDAQ:NWS) by 15.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,790 shares of the company’s stock after purchasing an additional 1,739 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in News were worth $379,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NWS. Smartleaf Asset Management LLC increased its holdings in shares of News by 136.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,217 shares of the company’s stock worth $37,000 after purchasing an additional 702 shares in the last quarter. ExodusPoint Capital Management LP purchased a new stake in News during the 4th quarter valued at approximately $43,000. Mufg Securities Americas Inc. purchased a new stake in News in the 4th quarter worth $50,000. Harvest Fund Management Co. Ltd lifted its position in shares of News by 2,892.8% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 2,065 shares of the company’s stock worth $61,000 after buying an additional 1,996 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan purchased a new position in shares of News in the fourth quarter valued at $91,000. Institutional investors own 14.63% of the company’s stock.

News Price Performance

NASDAQ:NWS opened at $34.39 on Friday. News Corporation has a 1 year low of $26.04 and a 1 year high of $35.25. The firm has a market capitalization of $19.47 billion, a price-to-earnings ratio of 39.98 and a beta of 1.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.68 and a quick ratio of 1.60. The business has a 50 day simple moving average of $32.61 and a 200-day simple moving average of $31.65.

News (NASDAQ:NWS) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2 billion. News had a return on equity of 5.64% and a net margin of 5.18%. Equities analysts forecast that News Corporation will post 1.03 EPS for the current year.

About News

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 through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.