New Century Financial Group LLC Makes New Investment in News Co. (NASDAQ:NWS)

New Century Financial Group LLC purchased a new stake in shares of News Co. (NASDAQ:NWS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 8,458 shares of the company’s stock, valued at approximately $240,000.

Other large investors have also made changes to their positions in the company. Covestor Ltd raised its holdings in shares of News by 69.9% during the 1st quarter. Covestor Ltd now owns 1,201 shares of the company’s stock valued at $33,000 after purchasing an additional 494 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of News in the first quarter worth about $65,000. iA Global Asset Management Inc. bought a new stake in shares of News during the 1st quarter worth about $76,000. ORG Partners LLC bought a new position in shares of News in the 2nd quarter valued at approximately $81,000. Finally, GAMMA Investing LLC lifted its holdings in News by 18.8% in the 1st quarter. GAMMA Investing LLC now owns 3,392 shares of the company’s stock worth $92,000 after purchasing an additional 537 shares during the last quarter. Institutional investors own 14.63% of the company’s stock.

Analyst Ratings Changes

Separately, Loop Capital raised shares of News to a “strong-buy” rating in a research report on Tuesday, September 10th.

News Price Performance

NASDAQ NWS opened at $27.55 on Thursday. The stock has a market capitalization of $15.70 billion, a PE ratio of 76.53 and a beta of 1.37. The stock has a 50-day simple moving average of $28.10 and a 200 day simple moving average of $27.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.33 and a current ratio of 1.43. News Co. has a twelve month low of $20.01 and a twelve month high of $29.59.

News (NASDAQ:NWS) last released its earnings results on Thursday, August 8th. The company reported $0.17 EPS for the quarter. The firm had revenue of $2.58 billion during the quarter. News had a net margin of 2.64% and a return on equity of 4.51%.

News Dividend Announcement

The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Wednesday, September 11th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a yield of 0.7%. News’s dividend payout ratio (DPR) is 55.56%.

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