Citadel Advisors LLC raised its stake in shares of News Corp (NASDAQ:NWS) by 291.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,580 shares of the company’s stock after purchasing an additional 30,218 shares during the period. Citadel Advisors LLC’s holdings in News were worth $674,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the stock. Ontario Teachers Pension Plan Board purchased a new position in shares of News in the fourth quarter valued at $1,475,000. American International Group Inc. raised its holdings in News by 14.8% in the fourth quarter. American International Group Inc. now owns 41,687 shares of the company’s stock valued at $692,000 after acquiring an additional 5,380 shares in the last quarter. BlackRock Inc. raised its holdings in News by 3.0% in the fourth quarter. BlackRock Inc. now owns 6,422,346 shares of the company’s stock valued at $106,611,000 after acquiring an additional 184,433 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in News by 27.3% in the fourth quarter. Bank of New York Mellon Corp now owns 997,106 shares of the company’s stock valued at $16,552,000 after acquiring an additional 213,938 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in News by 2.4% in the fourth quarter. Rhumbline Advisers now owns 196,145 shares of the company’s stock valued at $3,256,000 after acquiring an additional 4,519 shares in the last quarter. 10.17% of the stock is owned by hedge funds and other institutional investors.
Shares of News Corp (NWS) traded up $0.07 on Thursday, reaching $16.72. 205,018 shares of the company were exchanged, compared to its average volume of 432,744. The company has a market cap of $9,702.59, a price-to-earnings ratio of -21.62 and a beta of 1.87. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.02. News Corp has a 12-month low of $12.60 and a 12-month high of $17.70.
News (NASDAQ:NWS) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.24 earnings per share for the quarter. News had a negative net margin of 5.41% and a positive return on equity of 2.52%. The company had revenue of $2.18 billion during the quarter.
The company also recently announced a semiannual dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Wednesday, March 14th will be issued a $0.10 dividend. This represents a dividend yield of 1.25%. The ex-dividend date is Tuesday, March 13th. News’s payout ratio is -25.97%.
A number of brokerages have weighed in on NWS. TheStreet cut shares of News from a “b-” rating to a “c+” rating in a report on Monday, February 12th. BidaskClub cut shares of News from a “buy” rating to a “hold” rating in a report on Tuesday, January 30th.
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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