News Co. (NASDAQ:NWS) Holdings Decreased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lessened its stake in News Co. (NASDAQ:NWS) by 11.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,900 shares of the company’s stock after selling 526 shares during the period. Exchange Traded Concepts LLC’s holdings in News were worth $119,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of News by 4.4% in the third quarter. State Street Corp now owns 7,069,813 shares of the company’s stock valued at $198,254,000 after acquiring an additional 295,631 shares in the last quarter. JPMorgan Chase & Co. lifted its position in News by 101.0% in the third quarter. JPMorgan Chase & Co. now owns 496,926 shares of the company’s stock worth $13,889,000 after purchasing an additional 249,659 shares during the period. International Assets Investment Management LLC boosted its stake in News by 3,314.8% during the 3rd quarter. International Assets Investment Management LLC now owns 116,718 shares of the company’s stock valued at $3,262,000 after purchasing an additional 113,300 shares in the last quarter. Metropolis Capital Ltd increased its position in shares of News by 10.5% during the 3rd quarter. Metropolis Capital Ltd now owns 930,950 shares of the company’s stock valued at $26,020,000 after purchasing an additional 88,715 shares during the period. Finally, FMR LLC raised its stake in shares of News by 362.3% in the 3rd quarter. FMR LLC now owns 94,940 shares of the company’s stock worth $2,654,000 after buying an additional 74,405 shares in the last quarter. Institutional investors and hedge funds own 14.63% of the company’s stock.

News Trading Up 0.2 %

Shares of NWS stock opened at $31.65 on Friday. The stock has a 50-day simple moving average of $31.22 and a 200 day simple moving average of $29.53. The stock has a market capitalization of $18.00 billion, a P/E ratio of 51.05 and a beta of 1.38. News Co. has a fifty-two week low of $23.99 and a fifty-two week high of $32.87. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30.

News (NASDAQ:NWS) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter. News had a net margin of 3.49% and a return on equity of 4.76%. The company had revenue of $2.58 billion during the quarter.

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 through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.