KCS Wealth Advisory Invests $486,000 in News Corp (NWS)
KCS Wealth Advisory purchased a new position in News Corp (NASDAQ:NWS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 29,281 shares of the company’s stock, valued at approximately $486,000.
Several other large investors also recently modified their holdings of NWS. Assenagon Asset Management S.A. purchased a new position in shares of News in the 3rd quarter worth about $3,716,000. Independent Franchise Partners LLP boosted its holdings in shares of News by 21.3% in the 3rd quarter. Independent Franchise Partners LLP now owns 1,452,147 shares of the company’s stock worth $19,821,000 after buying an additional 254,561 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of News by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,569,343 shares of the company’s stock worth $22,206,000 after buying an additional 70,484 shares during the last quarter. K2 Principal Fund L.P. boosted its holdings in shares of News by 434.6% in the 3rd quarter. K2 Principal Fund L.P. now owns 76,981 shares of the company’s stock worth $1,051,000 after buying an additional 62,581 shares during the last quarter. Finally, First Quadrant L P CA boosted its holdings in shares of News by 16.4% in the 3rd quarter. First Quadrant L P CA now owns 366,601 shares of the company’s stock worth $5,004,000 after buying an additional 51,694 shares during the last quarter. 9.49% of the stock is currently owned by institutional investors.
Several research firms have commented on NWS. BidaskClub raised shares of News from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. TheStreet raised shares of News from a “c+” rating to a “b-” rating in a report on Wednesday, November 29th.
In other News news, CFO Kevin Halpin sold 7,387 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $15.62, for a total transaction of $115,384.94. Following the sale, the chief financial officer now directly owns 17,468 shares of the company’s stock, valued at $272,850.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have sold 24,855 shares of company stock worth $385,752. Insiders own 39.40% of the company’s stock.
Shares of News Corp (NASDAQ NWS) opened at $17.55 on Friday. The company has a market cap of $10,195.87, a PE ratio of 39.77 and a beta of 1.95. News Corp has a fifty-two week low of $12.30 and a fifty-two week high of $17.60. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.03.
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News Company Profile
News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.
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