News Co. (NASDAQ:NWSA) Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of News Co. (NASDAQ:NWSA) by 164.8% during the first quarter, HoldingsChannel.com reports. The fund owned 44,443 shares of the company’s stock after buying an additional 27,662 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in News were worth $1,164,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of News during the 4th quarter worth approximately $139,956,000. Junto Capital Management LP purchased a new stake in News in the 4th quarter valued at $43,928,000. Contour Asset Management LLC increased its stake in shares of News by 97.8% in the 4th quarter. Contour Asset Management LLC now owns 3,442,650 shares of the company’s stock worth $84,517,000 after acquiring an additional 1,702,483 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of News by 249.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,206,990 shares of the company’s stock worth $54,182,000 after acquiring an additional 1,575,803 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of News by 321.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,155,073 shares of the company’s stock valued at $23,171,000 after acquiring an additional 880,977 shares during the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

News Trading Up 0.0 %

Shares of NASDAQ NWSA traded up $0.01 during midday trading on Wednesday, reaching $27.73. 473,034 shares of the stock were exchanged, compared to its average volume of 2,725,058. News Co. has a twelve month low of $19.09 and a twelve month high of $28.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.25 and a current ratio of 1.36. The stock has a market capitalization of $15.80 billion, a P/E ratio of 77.00 and a beta of 1.33. The company has a 50 day simple moving average of $26.60 and a 200 day simple moving average of $25.67.

News (NASDAQ:NWSA) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. News had a return on equity of 4.28% and a net margin of 2.09%. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same period last year, the company earned $0.09 EPS. The company’s quarterly revenue was down 1.0% on a year-over-year basis. As a group, equities analysts expect that News Co. will post 0.67 earnings per share for the current year.

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.