BNP Paribas Arbitrage SA Sells 76,781 Shares of News Co. (NASDAQ:NWSA)

BNP Paribas Arbitrage SA cut its stake in News Co. (NASDAQ:NWSAGet Rating) by 22.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 261,529 shares of the company’s stock after selling 76,781 shares during the period. BNP Paribas Arbitrage SA’s holdings in News were worth $5,835,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Moors & Cabot Inc. bought a new stake in News in the third quarter valued at approximately $27,000. National Bank of Canada FI bought a new stake in News in the fourth quarter valued at approximately $28,000. Fifth Third Bancorp boosted its holdings in shares of News by 78.3% during the 4th quarter. Fifth Third Bancorp now owns 4,043 shares of the company’s stock worth $90,000 after buying an additional 1,776 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of News by 18.0% during the 4th quarter. Bessemer Group Inc. now owns 4,737 shares of the company’s stock worth $106,000 after buying an additional 724 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of News by 9.0% during the 3rd quarter. Captrust Financial Advisors now owns 5,224 shares of the company’s stock worth $123,000 after buying an additional 431 shares in the last quarter. Institutional investors and hedge funds own 63.98% of the company’s stock.

A number of equities analysts have issued reports on the company. Zacks Investment Research cut News from a “strong-buy” rating to a “hold” rating and set a $21.00 price target on the stock. in a report on Monday, May 2nd. StockNews.com began coverage on News in a report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, TheStreet cut News from a “b” rating to a “c” rating in a report on Thursday, May 5th.

Shares of NWSA opened at $17.84 on Friday. News Co. has a 12-month low of $16.53 and a 12-month high of $27.51. The business’s fifty day moving average is $20.96 and its 200 day moving average is $21.89. The company has a quick ratio of 1.09, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The stock has a market cap of $10.51 billion, a P/E ratio of 20.99 and a beta of 1.31.

News (NASDAQ:NWSAGet Rating) last issued its earnings results on Thursday, May 5th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. News had a return on equity of 6.35% and a net margin of 4.89%. The company had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same period last year, the business earned $0.09 EPS. News’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, analysts expect that News Co. will post 0.74 EPS for the current year.

About News (Get Rating)

News Corporation, a media and information services company, focuses on creating and distributing content 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. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and Investor's Business Daily through various media channels, such as newspapers, newswires, websites, applications for mobile devices, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, videos, and podcasts.

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Institutional Ownership by Quarter for News (NASDAQ:NWSA)

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