Strs Ohio Has $104,000 Holdings in News Corporation $NWS

Strs Ohio decreased its stake in News Corporation (NASDAQ:NWS) by 96.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,013 shares of the company’s stock after selling 75,959 shares during the quarter. Strs Ohio’s holdings in News were worth $104,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Perpetual Ltd bought a new stake in shares of News in the 3rd quarter valued at $19,456,000. Norges Bank bought a new stake in shares of News in the second quarter worth about $14,705,000. Jane Street Group LLC raised its position in shares of News by 352.2% during the second quarter. Jane Street Group LLC now owns 444,538 shares of the company’s stock worth $15,252,000 after purchasing an additional 346,233 shares during the period. HRT Financial LP acquired a new position in shares of News in the 2nd quarter valued at approximately $9,443,000. Finally, BNP Paribas Financial Markets increased its stake in News by 81.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 526,882 shares of the company’s stock worth $18,077,000 after purchasing an additional 235,840 shares in the last quarter. 14.63% of the stock is currently owned by institutional investors and hedge funds.

News Stock Performance

Shares of NWS opened at $28.09 on Thursday. The stock has a market capitalization of $15.77 billion, a price-to-earnings ratio of 13.57 and a beta of 0.97. News Corporation has a 12 month low of $26.25 and a 12 month high of $35.58. The firm has a fifty day simple moving average of $29.93 and a 200 day simple moving average of $31.28. The company has a current ratio of 1.76, a quick ratio of 1.63 and a debt-to-equity ratio of 0.21.

News (NASDAQ:NWS) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.11 billion. News had a net margin of 13.80% and a return on equity of 5.68%. Research analysts forecast that News Corporation will post 1.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Zacks Research raised shares of News to a “hold” rating in a research note on Tuesday, January 13th. Weiss Ratings lowered shares of News from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, January 23rd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

News Profile

News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.