Magnetar Financial LLC Invests $1.39 Million in News Co. (NASDAQ:NWSA)

Magnetar Financial LLC purchased a new position in shares of News Co. (NASDAQ:NWSA) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 53,201 shares of the company’s stock, valued at approximately $1,393,000.

Several other institutional investors have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. acquired a new position in shares of News during the 4th quarter worth approximately $1,719,000. Assenagon Asset Management S.A. acquired a new position in shares of News during the 4th quarter worth approximately $314,000. Blue Trust Inc. raised its position in shares of News by 65.1% during the 4th quarter. Blue Trust Inc. now owns 2,655 shares of the company’s stock worth $65,000 after purchasing an additional 1,047 shares during the last quarter. Arizona State Retirement System raised its position in shares of News by 0.8% during the 4th quarter. Arizona State Retirement System now owns 104,777 shares of the company’s stock worth $2,572,000 after purchasing an additional 846 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of News by 2,365.7% during the 4th quarter. International Assets Investment Management LLC now owns 23,252 shares of the company’s stock worth $571,000 after purchasing an additional 22,309 shares during the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

News Price Performance

Shares of News stock traded up $0.34 during trading on Friday, hitting $27.49. 2,204,904 shares of the company were exchanged, compared to its average volume of 2,488,896. The company has a quick ratio of 1.25, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. News Co. has a fifty-two week low of $19.20 and a fifty-two week high of $28.62. The stock has a market capitalization of $15.67 billion, a price-to-earnings ratio of 76.36 and a beta of 1.33. The firm has a 50 day moving average price of $27.31 and a 200 day moving average price of $25.95.

News (NASDAQ:NWSA) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.45 billion. News had a return on equity of 4.28% and a net margin of 2.09%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. On average, equities analysts expect that News Co. will post 0.67 earnings per share for the current fiscal year.

News Company Profile

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services 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.