Wedmont Private Capital Buys 615 Shares of News Co. (NASDAQ:NWS)

Wedmont Private Capital raised its stake in shares of News Co. (NASDAQ:NWS) by 7.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,578 shares of the company’s stock after purchasing an additional 615 shares during the period. Wedmont Private Capital’s holdings in News were worth $259,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. 59 North Capital Management LP boosted its stake in News by 29.4% during the fourth quarter. 59 North Capital Management LP now owns 4,345,606 shares of the company’s stock valued at $132,237,000 after buying an additional 986,781 shares during the last quarter. Independent Franchise Partners LLP boosted its position in shares of News by 7.0% during the 4th quarter. Independent Franchise Partners LLP now owns 9,649,717 shares of the company’s stock valued at $293,641,000 after acquiring an additional 627,774 shares during the last quarter. Norges Bank purchased a new position in shares of News in the fourth quarter valued at $14,338,000. GAMMA Investing LLC increased its position in News by 4,373.6% in the first quarter. GAMMA Investing LLC now owns 348,496 shares of the company’s stock worth $11,475,000 after purchasing an additional 340,706 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in News by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,965,125 shares of the company’s stock valued at $59,799,000 after purchasing an additional 160,922 shares in the last quarter. Hedge funds and other institutional investors own 14.63% of the company’s stock.

News Stock Performance

Shares of NASDAQ:NWS opened at $31.83 on Thursday. The firm has a fifty day simple moving average of $31.44 and a two-hundred day simple moving average of $31.50. News Co. has a 52 week low of $26.04 and a 52 week high of $35.25. The company has a quick ratio of 1.65, a current ratio of 1.73 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $18.02 billion, a P/E ratio of 43.60 and a beta of 1.23.

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

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