Baker Ellis Asset Management LLC Boosts Stock Position in News Co. (NASDAQ:NWS)

Baker Ellis Asset Management LLC grew its stake in shares of News Co. (NASDAQ:NWS) by 2.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,150 shares of the company’s stock after buying an additional 650 shares during the period. Baker Ellis Asset Management LLC’s holdings in News were worth $681,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in NWS. Rhumbline Advisers lifted its holdings in News by 1.2% in the 3rd quarter. Rhumbline Advisers now owns 234,549 shares of the company’s stock worth $4,895,000 after purchasing an additional 2,789 shares in the last quarter. Invesco Ltd. lifted its holdings in News by 4.6% in the 3rd quarter. Invesco Ltd. now owns 1,700,320 shares of the company’s stock worth $35,486,000 after purchasing an additional 74,367 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in News by 10.5% in the 3rd quarter. Hsbc Holdings PLC now owns 168,230 shares of the company’s stock worth $3,511,000 after purchasing an additional 15,949 shares in the last quarter. Mariner LLC lifted its holdings in News by 17.5% in the 3rd quarter. Mariner LLC now owns 30,808 shares of the company’s stock worth $643,000 after purchasing an additional 4,597 shares in the last quarter. Finally, Northern Trust Corp increased its stake in News by 9.1% in the 3rd quarter. Northern Trust Corp now owns 992,782 shares of the company’s stock worth $20,719,000 after acquiring an additional 83,025 shares during the last quarter. 14.63% of the stock is owned by hedge funds and other institutional investors.

News Stock Performance

NASDAQ:NWS opened at $28.39 on Friday. 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 Co. has a 1 year low of $19.19 and a 1 year high of $28.92. The stock’s 50 day simple moving average is $26.90 and its two-hundred day simple moving average is $26.38. The company has a market cap of $16.18 billion, a price-to-earnings ratio of 78.86 and a beta of 1.39.

News (NASDAQ:NWS) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.11 earnings per share (EPS) for the quarter. News had a return on equity of 4.28% and a net margin of 2.09%. The business had revenue of $2.42 billion for the quarter.

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.