New York State Common Retirement Fund Sells 10,689 Shares of News Co. (NASDAQ:NWS)

New York State Common Retirement Fund decreased its stake in shares of News Co. (NASDAQ:NWS) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,100 shares of the company’s stock after selling 10,689 shares during the period. New York State Common Retirement Fund’s holdings in News were worth $1,957,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in shares of News during the 3rd quarter worth approximately $48,000. Daiwa Securities Group Inc. increased its stake in News by 147.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,755 shares of the company’s stock valued at $174,000 after buying an additional 4,028 shares during the last quarter. Hartford Investment Management Co. bought a new stake in News during the 4th quarter worth about $201,000. Trust Investment Advisors acquired a new position in shares of News during the 4th quarter worth about $215,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in shares of News in the third quarter valued at about $227,000. 14.63% of the stock is currently owned by institutional investors and hedge funds.

News Stock Performance

NWS opened at $24.93 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.33 and a current ratio of 1.44. The business’s 50-day simple moving average is $26.14 and its 200 day simple moving average is $25.03. The firm has a market capitalization of $14.24 billion, a PE ratio of 62.33 and a beta of 1.37. News Co. has a 52-week low of $16.49 and a 52-week high of $28.92.

News (NASDAQ:NWS) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.26 EPS for the quarter. The company had revenue of $2.59 billion during the quarter. News had a return on equity of 4.14% and a net margin of 2.29%.

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.