16,558 Shares in News Co. (NASDAQ:NWSA) Purchased by Oak Thistle LLC

Oak Thistle LLC bought a new stake in News Co. (NASDAQ:NWSA) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 16,558 shares of the company’s stock, valued at approximately $433,000.

Several other institutional investors also recently made changes to their positions in NWSA. Lindbrook Capital LLC boosted its position in News by 153.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,635 shares of the company’s stock valued at $40,000 after purchasing an additional 989 shares during the period. Principal Securities Inc. acquired a new position in shares of News during the fourth quarter valued at $45,000. Financial Management Professionals Inc. bought a new position in shares of News during the fourth quarter worth about $49,000. Blue Trust Inc. increased 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 period. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its position in News by 120.5% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,897 shares of the company’s stock valued at $71,000 after purchasing an additional 1,583 shares during the last quarter. 66.97% of the stock is owned by institutional investors.

News Trading Down 1.0 %

News stock opened at $27.29 on Tuesday. The firm has a 50-day moving average price of $26.20 and a two-hundred day moving average price of $25.50. News Co. has a 52-week low of $18.98 and a 52-week high of $28.00. The firm has a market capitalization of $15.55 billion, a price-to-earnings ratio of 75.81 and a beta of 1.33. The company has a quick ratio of 1.25, a current ratio of 1.36 and a debt-to-equity ratio of 0.32.

News (NASDAQ:NWSA) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.45 billion. News had a return on equity of 4.28% and a net margin of 2.09%. The business’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. Sell-side analysts expect that News Co. will post 0.67 earnings per share for the current 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.