News Co. (NASDAQ:NWS – Get Free Report) 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 – Get Free Report) 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
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.
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