News Co. (NASDAQ:NWSA) Shares Sold by American International Group Inc.

American International Group Inc. trimmed its stake in shares of News Co. (NASDAQ:NWSA) by 1.0% during the 4th quarter, Holdings Channel reports. The fund owned 99,798 shares of the company’s stock after selling 1,000 shares during the quarter. American International Group Inc.’s holdings in News were worth $2,450,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NWSA. Virtu Financial LLC grew its holdings in News by 36.6% in the fourth quarter. Virtu Financial LLC now owns 316,690 shares of the company’s stock valued at $7,775,000 after purchasing an additional 84,902 shares during the period. Contour Asset Management LLC grew its holdings in News by 97.8% in the fourth quarter. Contour Asset Management LLC now owns 3,442,650 shares of the company’s stock valued at $84,517,000 after purchasing an additional 1,702,483 shares during the period. Fort Baker Capital Management LP grew its holdings in News by 48.6% in the fourth quarter. Fort Baker Capital Management LP now owns 1,695,158 shares of the company’s stock valued at $41,616,000 after purchasing an additional 554,365 shares during the period. Power Corp of Canada grew its holdings in News by 16.6% in the fourth quarter. Power Corp of Canada now owns 223,699 shares of the company’s stock valued at $5,492,000 after purchasing an additional 31,831 shares during the period. Finally, Junto Capital Management LP purchased a new position in shares of News in the fourth quarter valued at approximately $43,928,000. 66.97% of the stock is owned by institutional investors and hedge funds.

News Stock Performance

NASDAQ NWSA opened at $27.87 on Wednesday. The company has a market cap of $15.88 billion, a PE ratio of 77.42 and a beta of 1.37. The stock’s 50 day simple moving average is $25.92 and its 200-day simple moving average is $25.36. News Co. has a 1-year low of $18.75 and a 1-year high of $28.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 1.25.

News (NASDAQ:NWSA) last released its earnings results on Wednesday, May 8th. The company reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. News had a return on equity of 4.28% and a net margin of 2.09%. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter last year, the business posted $0.09 earnings per share. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. As a group, equities research analysts anticipate that News Co. will post 0.67 EPS for the current fiscal 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.