Shilanski & Associates Inc. Lowers Stake in News Co. (NASDAQ:NWS)

Shilanski & Associates Inc. lessened its stake in shares of News Co. (NASDAQ:NWS) by 9.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,027 shares of the company’s stock after selling 4,692 shares during the period. Shilanski & Associates Inc.’s holdings in News were worth $1,434,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of NWS. American Century Companies Inc. boosted its position in News by 4.1% during the 2nd quarter. American Century Companies Inc. now owns 28,055 shares of the company’s stock valued at $796,000 after acquiring an additional 1,098 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of News by 24.9% in the second quarter. Renaissance Technologies LLC now owns 186,630 shares of the company’s stock valued at $5,298,000 after purchasing an additional 37,220 shares during the period. Mercer Global Advisors Inc. ADV raised its position in News by 6.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 29,768 shares of the company’s stock worth $887,000 after buying an additional 1,799 shares during the last quarter. Sei Investments Co. raised its holdings in shares of News by 16.3% during the second quarter. Sei Investments Co. now owns 60,217 shares of the company’s stock worth $1,710,000 after purchasing an additional 8,428 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of News by 7.0% in the 2nd quarter. ProShare Advisors LLC now owns 15,691 shares of the company’s stock valued at $445,000 after buying an additional 1,022 shares during the period. Hedge funds and other institutional investors own 14.63% of the company’s stock.

News Trading Up 0.7 %

News stock opened at $31.33 on Friday. The stock’s 50 day simple moving average is $31.24 and its two-hundred day simple moving average is $29.38. News Co. has a 12 month low of $23.99 and a 12 month high of $32.87. The firm has a market cap of $17.82 billion, a PE ratio of 50.53 and a beta of 1.38. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30.

News (NASDAQ:NWS) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.21 earnings per share (EPS) for the quarter. The company had revenue of $2.58 billion for the quarter. News had a return on equity of 4.76% and a net margin of 3.49%.

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