48,869 Shares in News Co. (NASDAQ:NWSA) Purchased by Bayesian Capital Management LP

Bayesian Capital Management LP bought a new position in shares of News Co. (NASDAQ:NWSA) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 48,869 shares of the company’s stock, valued at approximately $1,279,000.

Several other hedge funds also recently bought and sold shares of the stock. Magnetar Financial LLC purchased a new position in News during the first quarter worth about $1,393,000. Quadrature Capital Ltd purchased a new position in News during the first quarter worth about $575,000. CANADA LIFE ASSURANCE Co boosted its stake in shares of News by 1.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 320,425 shares of the company’s stock valued at $8,395,000 after purchasing an additional 4,694 shares during the period. Bessemer Group Inc. boosted its stake in shares of News by 3,107.1% in the first quarter. Bessemer Group Inc. now owns 59,363 shares of the company’s stock valued at $1,555,000 after purchasing an additional 57,512 shares during the period. Finally, UniSuper Management Pty Ltd boosted its stake in shares of News by 517.6% in the first quarter. UniSuper Management Pty Ltd now owns 30,890 shares of the company’s stock valued at $809,000 after purchasing an additional 25,888 shares during the period. Hedge funds and other institutional investors own 66.97% of the company’s stock.

News Trading Down 1.0 %

NASDAQ NWSA opened at $27.42 on Wednesday. The firm has a 50 day simple moving average of $27.35 and a 200-day simple moving average of $26.03. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.25 and a current ratio of 1.36. News Co. has a one year low of $19.25 and a one year high of $28.62. The firm has a market cap of $15.63 billion, a price-to-earnings ratio of 76.17 and a beta of 1.33.

News (NASDAQ:NWSA) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. News had a net margin of 2.09% and a return on equity of 4.28%. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same quarter last year, the firm posted $0.09 earnings per share. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities research analysts anticipate that News Co. will post 0.67 EPS for the current fiscal year.

About News

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.