Mufg Securities Americas Inc. Makes New $50,000 Investment in News Co. (NASDAQ:NWS)

Mufg Securities Americas Inc. purchased a new position in News Co. (NASDAQ:NWS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,653 shares of the company’s stock, valued at approximately $50,000.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in News by 72.1% in the fourth quarter. Blue Trust Inc. now owns 3,478 shares of the company’s stock worth $97,000 after purchasing an additional 1,457 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of News by 16.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,043 shares of the company’s stock valued at $153,000 after acquiring an additional 727 shares during the period. Asset Management One Co. Ltd. increased its position in shares of News by 22.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,668 shares of the company’s stock valued at $82,000 after acquiring an additional 497 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of News in the fourth quarter valued at about $823,000. Finally, LPL Financial LLC increased its position in shares of News by 56.8% in the fourth quarter. LPL Financial LLC now owns 50,373 shares of the company’s stock valued at $1,533,000 after acquiring an additional 18,254 shares during the period. 14.63% of the stock is owned by institutional investors.

News Price Performance

Shares of NASDAQ NWS opened at $32.93 on Friday. News Co. has a 1 year low of $26.04 and a 1 year high of $35.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.65. The company’s 50-day moving average is $30.73 and its 200 day moving average is $31.36. The stock has a market capitalization of $18.64 billion, a P/E ratio of 45.11 and a beta of 1.28.

News (NASDAQ:NWS) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.05). News had a net margin of 4.22% and a return on equity of 5.31%. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2 billion. On average, sell-side analysts expect that News Co. will post 1.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Seaport Res Ptn upgraded shares of News to a “strong-buy” rating in a research report on Friday, January 31st.

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 through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.