Kentucky Retirement Systems Insurance Trust Fund Sells 1,017 Shares of News Co. (NASDAQ:NWSA)

Kentucky Retirement Systems Insurance Trust Fund reduced its stake in News Co. (NASDAQ:NWSA) by 7.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,541 shares of the company’s stock after selling 1,017 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in News were worth $328,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. bought a new position in shares of News during the fourth quarter worth approximately $1,719,000. Assenagon Asset Management S.A. bought a new position in shares of News during the fourth quarter worth approximately $314,000. Blue Trust Inc. increased its holdings in shares of News by 65.1% during the fourth 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 period. Arizona State Retirement System increased its holdings in shares of News by 0.8% during the fourth 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 period. Finally, International Assets Investment Management LLC increased its holdings in shares of News by 2,365.7% during the fourth 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 period. 66.97% of the stock is owned by institutional investors.

News Price Performance

Shares of NASDAQ NWSA traded up $0.26 during trading hours on Monday, hitting $27.75. 669,558 shares of the stock were exchanged, compared to its average volume of 2,717,925. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.25 and a current ratio of 1.36. The company has a market cap of $15.81 billion, a PE ratio of 76.36 and a beta of 1.33. The company’s fifty day simple moving average is $27.31 and its two-hundred day simple moving average is $25.98. News Co. has a 1-year low of $19.25 and a 1-year high of $28.62.

News (NASDAQ:NWSA) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.45 billion. News had a net margin of 2.09% and a return on equity of 4.28%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. On average, sell-side analysts predict that News Co. will post 0.67 EPS for the current year.

News 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.