Janney Montgomery Scott LLC Makes New $377,000 Investment in News Corporation (NASDAQ:NWS)

Janney Montgomery Scott LLC purchased a new position in News Corporation (NASDAQ:NWS) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 12,417 shares of the company’s stock, valued at approximately $377,000.

A number of other institutional investors have also recently bought and sold shares of NWS. Smartleaf Asset Management LLC increased its stake in News by 136.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,217 shares of the company’s stock worth $37,000 after purchasing an additional 702 shares in the last quarter. ExodusPoint Capital Management LP purchased a new position in News in the 4th quarter worth about $43,000. Mufg Securities Americas Inc. purchased a new position in News in the 4th quarter worth about $50,000. Harvest Fund Management Co. Ltd increased its stake in News by 2,892.8% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 2,065 shares of the company’s stock worth $61,000 after purchasing an additional 1,996 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan purchased a new position in News during the 4th quarter valued at about $91,000. Hedge funds and other institutional investors own 14.63% of the company’s stock.

News Trading Up 0.1%

NASDAQ:NWS opened at $34.39 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.68 and a quick ratio of 1.60. News Corporation has a fifty-two week low of $26.04 and a fifty-two week high of $35.25. The stock’s 50-day moving average is $32.61 and its two-hundred day moving average is $31.64. The stock has a market cap of $19.47 billion, a PE ratio of 39.98 and a beta of 1.23.

News (NASDAQ:NWS) last released its earnings results on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.05). News had a net margin of 5.18% and a return on equity of 5.64%. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2 billion. As a group, equities research analysts forecast that News Corporation will post 1.03 earnings per share for the current fiscal year.

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