Beverly Hills Private Wealth LLC Increases Position in News Co. (NASDAQ:NWS)

Beverly Hills Private Wealth LLC lifted its holdings in shares of News Co. (NASDAQ:NWS) by 48.7% in the second quarter, HoldingsChannel.com reports. The fund owned 63,871 shares of the company’s stock after acquiring an additional 20,907 shares during the period. Beverly Hills Private Wealth LLC’s holdings in News were worth $1,813,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of NWS. Redwood Investment Management LLC purchased a new stake in shares of News during the 1st quarter worth approximately $636,000. QRG Capital Management Inc. lifted its position in shares of News by 183.8% during the 1st quarter. QRG Capital Management Inc. now owns 34,579 shares of the company’s stock valued at $936,000 after buying an additional 22,394 shares during the last quarter. Edgestream Partners L.P. raised its stake in 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 acquiring an additional 95,429 shares during the period. SG Americas Securities LLC lifted its holdings in News by 172.2% during the second quarter. SG Americas Securities LLC now owns 118,499 shares of the company’s stock valued at $3,364,000 after purchasing an additional 74,968 shares during the last quarter. Finally, Gabelli Funds LLC increased its stake in shares of News by 5.6% in the fourth quarter. Gabelli Funds LLC now owns 103,000 shares of the company’s stock worth $2,649,000 after purchasing an additional 5,500 shares in the last quarter. 14.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Loop Capital upgraded News to a “strong-buy” rating in a research report on Tuesday.

News Stock Down 1.5 %

Shares of NASDAQ NWS opened at $27.05 on Thursday. The business has a 50-day simple moving average of $28.38 and a two-hundred day simple moving average of $27.35. News Co. has a 52 week low of $20.01 and a 52 week high of $29.59. The company has a market cap of $15.42 billion, a P/E ratio of 75.14 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 (NASDAQ:NWS) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.17 EPS for the quarter. The company had revenue of $2.58 billion during the quarter. News had a net margin of 2.64% and a return on equity of 4.51%.

News Dividend Announcement

The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, October 9th. Stockholders 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 payout ratio is currently 55.56%.

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.