AXQ Capital LP Sells 8,961 Shares of News Co. (NASDAQ:NWS)

AXQ Capital LP lessened its stake in shares of News Co. (NASDAQ:NWS) by 37.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,713 shares of the company’s stock after selling 8,961 shares during the quarter. AXQ Capital LP’s holdings in News were worth $448,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Wilmington Savings Fund Society FSB lifted its holdings in shares of News by 123.7% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 935 shares of the company’s stock valued at $28,000 after acquiring an additional 517 shares during the period. Smartleaf Asset Management LLC lifted its holdings in News by 136.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,217 shares of the company’s stock valued at $37,000 after purchasing an additional 702 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its position in News by 2,892.8% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 2,065 shares of the company’s stock valued at $61,000 after buying an additional 1,996 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in News by 22.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 2,668 shares of the company’s stock worth $82,000 after buying an additional 497 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new position in shares of News in the third quarter valued at approximately $86,000. Institutional investors and hedge funds own 14.63% of the company’s stock.

News Stock Performance

News stock opened at $30.77 on Friday. News Co. has a 12-month low of $23.99 and a 12-month high of $35.25. The stock has a 50-day simple moving average of $32.00 and a 200 day simple moving average of $30.51. The company has a quick ratio of 1.65, a current ratio of 1.73 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $17.46 billion, a price-to-earnings ratio of 42.15 and a beta of 1.37.

News (NASDAQ:NWS) last announced its earnings results on Wednesday, February 5th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). News had a return on equity of 5.31% and a net margin of 4.22%. On average, research analysts anticipate that News Co. will post 1.03 earnings per share for the current fiscal year.

News Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a dividend yield of 0.6%. News’s payout ratio is currently 27.40%.

Wall Street Analyst Weigh In

Separately, Seaport Res Ptn upgraded News to a “strong-buy” rating in a research report on Friday, January 31st.

About News

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 through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.