Healthcare of Ontario Pension Plan Trust Fund Makes New Investment in News Co. (NASDAQ:NWS)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in News Co. (NASDAQ:NWS) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 789,540 shares of the company’s stock, valued at approximately $22,415,000. Healthcare of Ontario Pension Plan Trust Fund owned about 0.14% of News as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Maven Securities LTD acquired a new position in shares of News during the 2nd quarter worth about $383,000. New Century Financial Group LLC purchased a new position in shares of News during the 2nd quarter worth approximately $240,000. Dorsey Wright & Associates increased its stake in News by 0.4% in the 2nd quarter. Dorsey Wright & Associates now owns 108,906 shares of the company’s stock valued at $3,092,000 after purchasing an additional 409 shares in the last quarter. Millennium Management LLC increased its stake in News by 79.0% in the 2nd quarter. Millennium Management LLC now owns 149,036 shares of the company’s stock valued at $4,231,000 after purchasing an additional 65,774 shares in the last quarter. Finally, DoubleLine ETF Adviser LP increased its position in News by 9.1% during the second quarter. DoubleLine ETF Adviser LP now owns 14,779 shares of the company’s stock worth $420,000 after buying an additional 1,236 shares in the last quarter. Hedge funds and other institutional investors own 14.63% of the company’s stock.

Analyst Upgrades and Downgrades

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

News Stock Down 0.7 %

Shares of NASDAQ NWS opened at $27.36 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.33 and a current ratio of 1.43. The firm has a market cap of $15.59 billion, a price-to-earnings ratio of 76.00 and a beta of 1.37. News Co. has a 1 year low of $20.01 and a 1 year high of $29.59. The stock’s 50-day simple moving average is $28.09 and its 200-day simple moving average is $27.40.

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

News Announces Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Wednesday, September 11th will be given 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%.

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.