SG Americas Securities LLC Decreases Position in News Co. (NASDAQ:NWS)

SG Americas Securities LLC lowered its position in News Co. (NASDAQ:NWS) by 51.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,513 shares of the company’s stock after selling 60,986 shares during the quarter. SG Americas Securities LLC’s holdings in News were worth $1,607,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in NWS. Redwood Investment Management LLC acquired a new stake in shares of News during the 1st quarter worth about $636,000. QRG Capital Management Inc. boosted its holdings in shares of News by 183.8% during the first quarter. QRG Capital Management Inc. now owns 34,579 shares of the company’s stock worth $936,000 after purchasing an additional 22,394 shares during the last quarter. Edgestream Partners L.P. grew its position in shares of News by 156.1% in the first quarter. Edgestream Partners L.P. now owns 156,547 shares of the company’s stock valued at $4,236,000 after purchasing an additional 95,429 shares during the period. Natixis acquired a new position in News in the first quarter valued at $554,000. Finally, Quest Partners LLC lifted its position in News by 273.5% during the second quarter. Quest Partners LLC now owns 57,143 shares of the company’s stock worth $1,622,000 after buying an additional 41,845 shares during the period. Institutional investors and hedge funds own 14.63% of the company’s stock.

News Stock Performance

Shares of NWS stock opened at $27.20 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.33 and a current ratio of 1.43. The firm has a market capitalization of $15.50 billion, a price-to-earnings ratio of 75.56 and a beta of 1.36. News Co. has a one year low of $20.70 and a one year high of $29.59. The company has a 50 day moving average price of $28.01 and a 200 day moving average price of $27.42.

News (NASDAQ:NWS) last released 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 business had revenue of $2.58 billion during the quarter.

News Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, Loop Capital raised shares of News to a “strong-buy” rating in a research note 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.