ExodusPoint Capital Management LP Invests $43,000 in News Co. (NASDAQ:NWS)

ExodusPoint Capital Management LP bought a new stake in News Co. (NASDAQ:NWS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,407 shares of the company’s stock, valued at approximately $43,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in News by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,855,707 shares of the company’s stock valued at $86,799,000 after buying an additional 13,329 shares in the last quarter. OLD Mission Capital LLC lifted its holdings in shares of News by 146.8% during the fourth quarter. OLD Mission Capital LLC now owns 55,451 shares of the company’s stock valued at $1,687,000 after acquiring an additional 32,984 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of News by 16.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 5,043 shares of the company’s stock valued at $153,000 after purchasing an additional 727 shares in the last quarter. Dorsey Wright & Associates increased its position in shares of News by 0.3% during the 4th quarter. Dorsey Wright & Associates now owns 109,785 shares of the company’s stock worth $3,341,000 after purchasing an additional 330 shares in the last quarter. Finally, Norges Bank bought a new position in News during the 4th quarter valued at about $14,338,000. 14.63% of the stock is owned by institutional investors.

News Stock Performance

News stock opened at $30.43 on Tuesday. News Co. has a 12-month low of $23.99 and a 12-month high of $35.25. The stock has a 50-day simple moving average of $31.41 and a 200 day simple moving average of $30.76. 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 $17.27 billion, a price-to-earnings ratio of 41.69 and a beta of 1.26.

News (NASDAQ:NWS) last announced its earnings results on Wednesday, February 5th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). News had a return on equity of 5.31% and a net margin of 4.22%. On average, research analysts anticipate that News Co. will post 1.03 earnings per share for the current fiscal year.

News Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 12th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, March 12th. This represents a dividend yield of 0.6%. News’s payout ratio is currently 27.40%.

Analyst Ratings Changes

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

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.