Oak Thistle LLC Makes New Investment in News Co. (NASDAQ:NWSA)

Oak Thistle LLC purchased a new stake in News Co. (NASDAQ:NWSA) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 16,558 shares of the company’s stock, valued at approximately $433,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lindbrook Capital LLC boosted its stake in News by 153.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,635 shares of the company’s stock valued at $40,000 after purchasing an additional 989 shares during the period. Principal Securities Inc. acquired a new position in shares of News during the fourth quarter worth approximately $45,000. Financial Management Professionals Inc. bought a new stake in shares of News in the fourth quarter valued at approximately $49,000. Blue Trust Inc. grew its stake in shares of News by 65.1% in the fourth quarter. Blue Trust Inc. now owns 2,655 shares of the company’s stock worth $65,000 after acquiring an additional 1,047 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in News by 120.5% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,897 shares of the company’s stock worth $71,000 after acquiring an additional 1,583 shares during the period. 66.97% of the stock is owned by institutional investors and hedge funds.

News Price Performance

Shares of News stock opened at $27.29 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 1.25. The company has a market cap of $15.55 billion, a PE ratio of 75.81 and a beta of 1.33. The firm has a fifty day moving average price of $26.20 and a two-hundred day moving average price of $25.50. News Co. has a fifty-two week low of $18.98 and a fifty-two week high of $28.00.

News (NASDAQ:NWSA) last released its earnings results on Wednesday, May 8th. The company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. The business had revenue of $2.42 billion for 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 firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the business earned $0.09 earnings per share. Analysts expect that News Co. will post 0.67 EPS for the current 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.