GAMMA Investing LLC Purchases 596 Shares of News Co. (NASDAQ:NWSA)

GAMMA Investing LLC boosted its position in News Co. (NASDAQ:NWSA) by 16.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,156 shares of the company’s stock after acquiring an additional 596 shares during the period. GAMMA Investing LLC’s holdings in News were worth $109,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of News during the 4th quarter valued at about $2,799,000. HBK Investments L P lifted its position in News by 4.2% during the 4th quarter. HBK Investments L P now owns 619,000 shares of the company’s stock valued at $15,196,000 after acquiring an additional 25,000 shares during the period. Virtu Financial LLC lifted its position in News by 36.6% during the 4th quarter. Virtu Financial LLC now owns 316,690 shares of the company’s stock valued at $7,775,000 after acquiring an additional 84,902 shares during the period. Contour Asset Management LLC lifted its position in News by 97.8% during the 4th quarter. Contour Asset Management LLC now owns 3,442,650 shares of the company’s stock valued at $84,517,000 after acquiring an additional 1,702,483 shares during the period. Finally, Fort Baker Capital Management LP lifted its position in News by 48.6% during the 4th quarter. Fort Baker Capital Management LP now owns 1,695,158 shares of the company’s stock valued at $41,616,000 after acquiring an additional 554,365 shares during the period. Institutional investors own 66.97% of the company’s stock.

News Trading Down 0.2 %

Shares of NASDAQ NWSA opened at $26.85 on Friday. News Co. has a 1 year low of $18.59 and a 1 year high of $28.00. The stock has a market cap of $15.30 billion, a P/E ratio of 74.58 and a beta of 1.37. The firm has a 50-day moving average of $25.78 and a 200 day moving average of $25.25. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 1.25.

News (NASDAQ:NWSA) last issued its earnings results on Wednesday, May 8th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. News had a net margin of 2.09% and a return on equity of 4.28%. 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 company earned $0.09 earnings per share. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, sell-side analysts expect that News Co. will post 0.67 EPS for the current fiscal year.

News Company 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.