News Co. (NASDAQ:NWSA) Shares Bought by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co boosted its holdings in shares of News Co. (NASDAQ:NWSA) by 1.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 320,425 shares of the company’s stock after acquiring an additional 4,694 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.06% of News worth $8,395,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in News during the fourth quarter worth $139,956,000. Charles Schwab Investment Management Inc. grew its stake in shares of News by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,203,777 shares of the company’s stock valued at $103,203,000 after buying an additional 62,805 shares in the last quarter. Contour Asset Management LLC grew its stake in shares of News by 97.8% in the fourth quarter. Contour Asset Management LLC now owns 3,442,650 shares of the company’s stock valued at $84,517,000 after buying an additional 1,702,483 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in shares of News by 249.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,206,990 shares of the company’s stock valued at $54,182,000 after buying an additional 1,575,803 shares in the last quarter. Finally, Junto Capital Management LP acquired a new stake in shares of News in the fourth quarter valued at $43,928,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

News Trading Down 0.6 %

Shares of NASDAQ NWSA opened at $27.15 on Friday. News Co. has a twelve month low of $19.09 and a twelve month high of $28.62. The company has a current ratio of 1.36, a quick ratio of 1.25 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $27.27 and a 200-day simple moving average of $25.93. The stock has a market capitalization of $15.47 billion, a PE ratio of 75.42 and a beta of 1.33.

News (NASDAQ:NWSA) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. News had a return on equity of 4.28% and a net margin of 2.09%. The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the previous year, the firm posted $0.09 earnings per share. The company’s revenue was down 1.0% on a year-over-year basis. On average, equities analysts forecast 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.