Balentine LLC Makes New $103,000 Investment in News Co. (NASDAQ:NWS)

Balentine LLC bought a new position in News Co. (NASDAQ:NWSGet Rating) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 4,585 shares of the company’s stock, valued at approximately $103,000.

Several other hedge funds have also made changes to their positions in the company. State Street Corp lifted its holdings in shares of News by 3.2% in the 4th quarter. State Street Corp now owns 4,623,706 shares of the company’s stock worth $104,033,000 after buying an additional 142,899 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of News by 7.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,630,323 shares of the company’s stock worth $59,184,000 after purchasing an additional 171,015 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of News by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 2,506,202 shares of the company’s stock worth $56,312,000 after purchasing an additional 175,493 shares during the last quarter. Metropolis Capital Ltd lifted its stake in shares of News by 4.9% during the 1st quarter. Metropolis Capital Ltd now owns 2,192,674 shares of the company’s stock worth $49,379,000 after purchasing an additional 101,712 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of News by 7.7% during the 4th quarter. Invesco Ltd. now owns 1,320,169 shares of the company’s stock worth $29,704,000 after purchasing an additional 93,999 shares during the last quarter. 24.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut News from a “conviction-buy” rating to a “buy” rating in a research note on Sunday, July 10th.

News Trading Down 2.1 %

Shares of NASDAQ NWS opened at $17.19 on Friday. The business has a fifty day moving average price of $16.55 and a 200 day moving average price of $19.60. News Co. has a 1-year low of $15.18 and a 1-year high of $25.69. The stock has a market capitalization of $10.07 billion, a P/E ratio of 20.22 and a beta of 1.35. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.09.

News (NASDAQ:NWSGet Rating) last announced its earnings results on Thursday, May 5th. The company reported $0.16 earnings per share (EPS) for the quarter. News had a return on equity of 6.35% and a net margin of 4.89%. The company had revenue of $2.49 billion for the quarter.

News Company Profile

(Get Rating)

News Corporation, a media and information services company, focuses on creating and distributing content 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. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and Investor's Business Daily through various media channels, such as newspapers, newswires, websites, applications for mobile devices, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, videos, and podcasts.

Read More

Institutional Ownership by Quarter for News (NASDAQ:NWS)

Receive News & Ratings for News Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for News and related companies with MarketBeat.com's FREE daily email newsletter.