News Co. (NASDAQ:NWS) Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc lowered its stake in News Co. (NASDAQ:NWS) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,736 shares of the company’s stock after selling 693 shares during the quarter. CIBC Asset Management Inc’s holdings in News were worth $405,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. TFO Wealth Partners LLC raised its holdings in News by 101,516.7% in the fourth quarter. TFO Wealth Partners LLC now owns 6,097 shares of the company’s stock valued at $154,000 after acquiring an additional 6,091 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in News by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 51,640 shares of the company’s stock valued at $1,328,000 after acquiring an additional 500 shares in the last quarter. Portfolio Design Labs LLC acquired a new stake in News in the fourth quarter valued at approximately $476,000. Hsbc Holdings PLC increased its stake in News by 1.8% in the fourth quarter. Hsbc Holdings PLC now owns 171,282 shares of the company’s stock valued at $4,408,000 after purchasing an additional 3,052 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in News by 7.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 30,844 shares of the company’s stock valued at $793,000 after purchasing an additional 2,237 shares during the last quarter. Institutional investors and hedge funds own 14.63% of the company’s stock.

News Stock Performance

Shares of News stock opened at $27.83 on Tuesday. The firm has a market capitalization of $15.86 billion, a P/E ratio of 77.31 and a beta of 1.39. News Co. has a 52 week low of $18.84 and a 52 week high of $28.92. The company has a quick ratio of 1.25, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. The firm’s 50 day moving average is $26.23 and its two-hundred day moving average is $25.91.

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

About News

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.