XTX Topco Ltd Buys New Holdings in News Co. (NASDAQ:NWS)

XTX Topco Ltd purchased a new position in News Co. (NASDAQ:NWS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,696 shares of the company’s stock, valued at approximately $616,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd grew its holdings in shares of News by 69.9% in the first quarter. Covestor Ltd now owns 1,201 shares of the company’s stock valued at $33,000 after acquiring an additional 494 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in News in the first quarter worth $65,000. iA Global Asset Management Inc. purchased a new stake in shares of News during the 1st quarter valued at $76,000. ORG Partners LLC bought a new stake in shares of News during the 2nd quarter worth $81,000. Finally, GAMMA Investing LLC boosted its holdings in shares of News by 18.8% in the 1st quarter. GAMMA Investing LLC now owns 3,392 shares of the company’s stock worth $92,000 after buying an additional 537 shares during the last quarter. Institutional investors and hedge funds own 14.63% of the company’s stock.

News Stock Up 0.5 %

Shares of NASDAQ NWS opened at $27.83 on Tuesday. The business has a 50-day moving average of $28.21 and a 200-day moving average of $27.37. The firm has a market capitalization of $15.86 billion, a price-to-earnings ratio of 77.31 and a beta of 1.37. The company has a current ratio of 1.43, a quick ratio of 1.33 and a debt-to-equity ratio of 0.32. News Co. has a 12 month low of $20.01 and a 12 month high of $29.59.

News (NASDAQ:NWS) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.17 earnings per share (EPS) for the quarter. News had a return on equity of 4.51% and a net margin of 2.64%. The firm had revenue of $2.58 billion during the quarter.

News Announces Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Wednesday, September 11th will be paid a dividend of $0.10 per share. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 11th. News’s dividend payout ratio is 55.56%.

Analysts Set New Price Targets

Separately, Loop Capital raised shares of News to a “strong-buy” rating in a report on Tuesday, September 10th.

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.