Gamco Investors INC. ET AL reduced its stake in shares of News Co. (NASDAQ:NWS) by 1.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 777,217 shares of the company’s stock after selling 7,538 shares during the period. Gamco Investors INC. ET AL’s holdings in News were worth $12,513,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of NWS. Sentry Investment Management LLC raised its position in News by 230.0% in the 1st quarter. Sentry Investment Management LLC now owns 7,132 shares of the company’s stock worth $115,000 after purchasing an additional 4,971 shares during the period. Trexquant Investment LP purchased a new position in News in the 1st quarter worth $193,000. BB&T Corp raised its position in News by 29.4% in the 4th quarter. BB&T Corp now owns 15,924 shares of the company’s stock worth $264,000 after purchasing an additional 3,619 shares during the period. Allianz Asset Management GmbH purchased a new position in News in the 4th quarter worth $274,000. Finally, State of Alaska Department of Revenue raised its position in News by 68.1% in the 4th quarter. State of Alaska Department of Revenue now owns 17,520 shares of the company’s stock worth $289,000 after purchasing an additional 7,100 shares during the period. 9.82% of the stock is owned by institutional investors.
A number of equities analysts recently commented on NWS shares. BidaskClub cut shares of News from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th. TheStreet cut shares of News from a “b-” rating to a “c+” rating in a research report on Monday, February 12th.
Shares of News opened at $16.05 on Friday, MarketBeat.com reports. The firm has a market capitalization of $9.32 billion, a P/E ratio of 33.33 and a beta of 1.83. News Co. has a 52 week low of $13.10 and a 52 week high of $17.70. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.62 and a current ratio of 1.62.
News (NASDAQ:NWS) last issued its earnings results on Thursday, May 10th. The company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The company had revenue of $2.09 billion for the quarter. News had a negative net margin of 18.69% and a positive return on equity of 2.56%.
News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates through News and Information Services, Book Publishing, Digital Real Estate Services, and Cable Network Programming segments. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, Dow Jones PEVC, and DJX through various media channels, such as newspapers, newswires, Websites, applications for mobile devices, tablets and e-book readers, newsletters, magazines, proprietary databases, conferences, and videos.
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