News Co. (NASDAQ:NWS) Sees Large Decrease in Short Interest

News Co. (NASDAQ:NWS) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 3,430,000 shares, a decrease of 14.9% from the March 31st total of 4,030,000 shares. Based on an average daily volume of 738,900 shares, the short-interest ratio is presently 4.6 days. Currently, 3.3% of the shares of the stock are sold short.

News Stock Performance

Shares of NASDAQ:NWS opened at $24.96 on Monday. The stock has a market capitalization of $14.26 billion, a price-to-earnings ratio of 62.40 and a beta of 1.35. The business’s fifty day moving average price is $26.54 and its two-hundred day moving average price is $24.90. News has a fifty-two week low of $16.49 and a fifty-two week high of $28.92. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.33.

News (NASDAQ:NWS) last announced its earnings results on Wednesday, February 7th. The company reported $0.26 earnings per share (EPS) for the quarter. The business had revenue of $2.59 billion during the quarter. News had a net margin of 2.29% and a return on equity of 4.14%.

News Dividend Announcement

The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, April 10th. Investors of record on Wednesday, March 13th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 12th. This represents a yield of 0.7%. News’s dividend payout ratio is 50.00%.

Institutional Trading of News

Several large investors have recently made changes to their positions in NWS. New York Life Investment Management LLC lifted its holdings in News by 1.6% during the 4th quarter. New York Life Investment Management LLC now owns 27,907 shares of the company’s stock worth $718,000 after buying an additional 432 shares in the last quarter. Baker Ellis Asset Management LLC boosted its holdings in News by 2.1% in the fourth quarter. Baker Ellis Asset Management LLC now owns 24,500 shares of the company’s stock valued at $630,000 after acquiring an additional 500 shares during the last quarter. Treasurer of the State of North Carolina increased its position in News by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 51,640 shares of the company’s stock worth $1,328,000 after purchasing an additional 500 shares during the period. GAMMA Investing LLC raised its holdings in News by 18.8% during the 1st quarter. GAMMA Investing LLC now owns 3,392 shares of the company’s stock worth $92,000 after purchasing an additional 537 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of News by 3.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 28,607 shares of the company’s stock valued at $597,000 after purchasing an additional 1,003 shares during the last quarter. Institutional investors own 14.63% of the company’s stock.

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