News Co. (NASDAQ:NWS) Position Lifted by Renaissance Technologies LLC

Renaissance Technologies LLC raised its stake in News Co. (NASDAQ:NWS) by 24.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 186,630 shares of the company’s stock after purchasing an additional 37,220 shares during the period. Renaissance Technologies LLC’s holdings in News were worth $5,298,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of NWS. Norges Bank acquired a new position in News in the fourth quarter worth $7,919,000. Metropolis Capital Ltd lifted its position in shares of News by 13.2% in the 2nd quarter. Metropolis Capital Ltd now owns 842,235 shares of the company’s stock worth $23,911,000 after buying an additional 98,172 shares during the last quarter. Edgestream Partners L.P. boosted its holdings in shares of News by 156.1% in the 1st quarter. Edgestream Partners L.P. now owns 156,547 shares of the company’s stock valued at $4,236,000 after buying an additional 95,429 shares during the period. SG Americas Securities LLC grew its position in shares of News by 172.2% during the 2nd quarter. SG Americas Securities LLC now owns 118,499 shares of the company’s stock valued at $3,364,000 after buying an additional 74,968 shares during the last quarter. Finally, Shilanski & Associates Inc. acquired a new stake in News during the first quarter worth about $1,319,000. Institutional investors and hedge funds own 14.63% of the company’s stock.

Analyst Ratings Changes

Separately, Loop Capital upgraded News to a “strong-buy” rating in a research note on Tuesday, September 10th.

News Price Performance

Shares of NASDAQ NWS opened at $27.75 on Friday. The firm’s 50-day simple moving average is $28.15 and its 200 day simple moving average is $27.38. The stock has a market cap of $15.81 billion, a P/E ratio of 77.08 and a beta of 1.37. The company has a quick ratio of 1.33, a current ratio of 1.43 and a debt-to-equity ratio of 0.32. News Co. has a fifty-two week low of $20.01 and a fifty-two week high of $29.59.

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

News Announces Dividend

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

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.