Hanlon Investment Management Inc. Increases Position in News Co. (NASDAQ:NWS)

Hanlon Investment Management Inc. boosted its stake in shares of News Co. (NASDAQ:NWS) by 11.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,464 shares of the company’s stock after buying an additional 1,279 shares during the quarter. Hanlon Investment Management Inc.’s holdings in News were worth $354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of News in the fourth quarter valued at $7,919,000. BNP Paribas Financial Markets increased its stake in News by 127.9% during the fourth quarter. BNP Paribas Financial Markets now owns 193,560 shares of the company’s stock worth $4,978,000 after acquiring an additional 108,614 shares during the last quarter. Metropolis Capital Ltd raised its holdings in shares of News by 13.2% in the 2nd quarter. Metropolis Capital Ltd now owns 842,235 shares of the company’s stock worth $23,911,000 after purchasing an additional 98,172 shares during the period. Edgestream Partners L.P. lifted its stake in shares of News by 156.1% in the 1st quarter. Edgestream Partners L.P. now owns 156,547 shares of the company’s stock valued at $4,236,000 after purchasing an additional 95,429 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in News by 172.2% during the 2nd quarter. SG Americas Securities LLC now owns 118,499 shares of the company’s stock worth $3,364,000 after purchasing an additional 74,968 shares in the last quarter. 14.63% of the stock is owned by hedge funds and other institutional investors.

News Stock Down 1.4 %

NASDAQ NWS traded down $0.40 during trading hours on Friday, hitting $27.65. The company had a trading volume of 1,300,196 shares, compared to its average volume of 739,210. The company has a market capitalization of $15.76 billion, a price-to-earnings ratio of 76.81 and a beta of 1.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.43 and a quick ratio of 1.33. News Co. has a fifty-two week low of $20.01 and a fifty-two week high of $29.59. The firm’s 50 day moving average is $28.41 and its 200 day moving average is $27.35.

News (NASDAQ:NWS) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.17 earnings per share (EPS) for the quarter. News had a return on equity of 4.51% and a net margin of 2.64%. The company had revenue of $2.58 billion for the quarter.

News Announces Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Wednesday, September 11th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, September 11th. This represents a yield of 0.7%. News’s dividend payout ratio is currently 55.56%.

News Profile

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.