Natixis Buys 3,053 Shares of News Co. (NASDAQ:NWS)

by · The Markets Daily

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Natixis grew its stake in shares of News Co. (NASDAQ:NWS – Free Report) by 80.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,846 shares of the company’s stock after buying an additional 3,053 shares during the period. Natixis’ holdings in News were worth $135,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Independent Franchise Partners LLP increased its position in shares of News by 1.1% in the first quarter. Independent Franchise Partners LLP now owns 12,637,239 shares of the company’s stock worth $220,267,000 after purchasing an additional 135,911 shares during the last quarter. BlackRock Inc. increased its position in shares of News by 3.6% in the third quarter. BlackRock Inc. now owns 6,775,740 shares of the company’s stock worth $104,482,000 after purchasing an additional 232,325 shares during the last quarter. Vanguard Group Inc. increased its position in shares of News by 2.2% in the third quarter. Vanguard Group Inc. now owns 5,283,045 shares of the company’s stock worth $81,465,000 after purchasing an additional 114,591 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of News by 2,544.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,742,576 shares of the company’s stock worth $82,664,000 after purchasing an additional 4,563,248 shares during the last quarter. Finally, State Street Corp increased its position in shares of News by 2.7% in the first quarter. State Street Corp now owns 4,602,793 shares of the company’s stock worth $80,667,000 after purchasing an additional 122,961 shares during the last quarter. 13.46% of the stock is currently owned by institutional investors.

News Stock Down 1.6 %

Shares of NASDAQ NWS opened at $22.72 on Wednesday. News Co. has a one year low of $15.73 and a one year high of $23.53. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.31 and a quick ratio of 1.18. The firm’s 50 day simple moving average is $21.94 and its two-hundred day simple moving average is $20.82. The stock has a market capitalization of $13.00 billion, a P/E ratio of 90.88 and a beta of 1.35.

News (NASDAQ:NWS – Get Free Report) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.16 EPS for the quarter. News had a net margin of 1.40% and a return on equity of 3.40%. The business had revenue of $2.50 billion for the quarter.

About News

(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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