News Co. (NASDAQ:NWSA) Holdings Decreased by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its stake in News Co. (NASDAQ:NWSA) by 9.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,938 shares of the company’s stock after selling 2,551 shares during the period. Park Avenue Securities LLC’s holdings in News were worth $627,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NWSA. Lindbrook Capital LLC grew its stake in shares of News by 153.1% in the 4th quarter. Lindbrook Capital LLC now owns 1,635 shares of the company’s stock worth $40,000 after purchasing an additional 989 shares during the last quarter. Principal Securities Inc. bought a new position in shares of News in the fourth quarter valued at $45,000. Financial Management Professionals Inc. bought a new stake in shares of News during the 4th quarter worth $49,000. Blue Trust Inc. grew its holdings in shares of News by 65.1% in the 4th quarter. Blue Trust Inc. now owns 2,655 shares of the company’s stock worth $65,000 after acquiring an additional 1,047 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of News by 120.5% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,897 shares of the company’s stock worth $71,000 after purchasing an additional 1,583 shares during the period. Institutional investors and hedge funds own 66.97% of the company’s stock.

News Stock Down 0.6 %

Shares of NASDAQ:NWSA opened at $27.69 on Friday. News Co. has a 52 week low of $18.98 and a 52 week 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 company has a market cap of $15.78 billion, a PE ratio of 76.92 and a beta of 1.37. The firm has a 50 day simple moving average of $26.07 and a 200 day simple moving average of $25.39.

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