News Corporation (NWS) Shares Bought by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC lifted its stake in News Corporation (NASDAQ:NWS) by 20.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,268 shares of the company’s stock after purchasing an additional 5,946 shares during the period. Parametric Portfolio Associates LLC’s holdings in News Corporation were worth $499,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. LS Investment Advisors LLC grew its holdings in News Corporation by 15.3% during the 2nd quarter. LS Investment Advisors LLC now owns 7,601 shares of the company’s stock worth $108,000 after acquiring an additional 1,010 shares in the last quarter. CIBC Asset Management Inc grew its holdings in News Corporation by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 10,360 shares of the company’s stock worth $147,000 after acquiring an additional 35 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in News Corporation by 3.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 11,210 shares of the company’s stock worth $159,000 after acquiring an additional 425 shares in the last quarter. Marshall Wace North America L.P. bought a new position in News Corporation during the 2nd quarter worth about $160,000. Finally, Amalgamated Bank bought a new position in News Corporation during the 2nd quarter worth about $193,000. Hedge funds and other institutional investors own 9.57% of the company’s stock.
In other News Corporation news, CFO Kevin Halpin sold 5,000 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $14.50, for a total transaction of $72,500.00. Following the transaction, the chief financial officer now directly owns 29,855 shares in the company, valued at approximately $432,897.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 17,387 shares of company stock worth $264,135. 39.40% of the stock is owned by company insiders.
Separately, BidaskClub cut shares of News Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 17th.
News Corporation (NWS) opened at $15.90 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.03. News Corporation has a 1-year low of $11.75 and a 1-year high of $16.27. The stock has a market cap of $9,263.67, a PE ratio of 36.14 and a beta of 1.88.
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About News Corporation
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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