News Co. (NASDAQ:NWS) Shares Sold by Metropolis Capital Ltd

Metropolis Capital Ltd trimmed its stake in shares of News Co. (NASDAQ:NWS) by 41.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 545,318 shares of the company’s stock after selling 385,632 shares during the quarter. News comprises 0.6% of Metropolis Capital Ltd’s investment portfolio, making the stock its 14th biggest holding. Metropolis Capital Ltd’s holdings in News were worth $16,594,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. American Century Companies Inc. raised 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 worth $796,000 after buying an additional 1,098 shares during the last quarter. Renaissance Technologies LLC lifted its position in 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 increased 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 purchasing an additional 1,799 shares during the period. Sei Investments Co. raised its stake in shares of News by 16.3% during the 2nd quarter. Sei Investments Co. now owns 60,217 shares of the company’s stock worth $1,710,000 after buying an additional 8,428 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of News by 7.0% in the second 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 in the last quarter. 14.63% of the stock is currently owned by hedge funds and other institutional investors.

News Trading Up 0.7 %

NASDAQ:NWS opened at $31.33 on Friday. The stock has a market capitalization of $17.82 billion, a price-to-earnings ratio of 50.53 and a beta of 1.38. News Co. has a 1 year low of $23.99 and a 1 year high of $32.87. The stock has a fifty day moving average price of $31.24 and a two-hundred day moving average price of $29.38. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38.

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

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.