International Assets Investment Management LLC Buys 113,300 Shares of News Co. (NASDAQ:NWS)

International Assets Investment Management LLC increased its stake in shares of News Co. (NASDAQ:NWS) by 3,314.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 116,718 shares of the company’s stock after acquiring an additional 113,300 shares during the period. International Assets Investment Management LLC’s holdings in News were worth $3,262,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in NWS. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in News during the 2nd quarter worth $22,415,000. Metropolis Capital Ltd lifted its position in shares of News by 13.2% during the 2nd quarter. Metropolis Capital Ltd now owns 842,235 shares of the company’s stock worth $23,911,000 after purchasing an additional 98,172 shares during the last quarter. Edgestream Partners L.P. boosted its stake in News by 156.1% during the 1st quarter. Edgestream Partners L.P. now owns 156,547 shares of the company’s stock valued at $4,236,000 after purchasing an additional 95,429 shares during the period. SG Americas Securities LLC grew its holdings in News by 172.2% in the 2nd quarter. SG Americas Securities LLC now owns 118,499 shares of the company’s stock valued at $3,364,000 after buying an additional 74,968 shares during the last quarter. Finally, Millennium Management LLC increased its position in News by 79.0% in the 2nd quarter. Millennium Management LLC now owns 149,036 shares of the company’s stock worth $4,231,000 after buying an additional 65,774 shares during the period. 14.63% of the stock is owned by institutional investors.

News Stock Up 0.1 %

Shares of NWS opened at $29.08 on Friday. News Co. has a 52 week low of $21.19 and a 52 week high of $29.61. The firm has a market capitalization of $16.53 billion, a P/E ratio of 63.22 and a beta of 1.36. The company has a 50-day simple moving average of $27.97 and a 200-day simple moving average of $27.61. 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 (NASDAQ:NWS) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.17 earnings per share (EPS) for the quarter. News had a net margin of 2.64% and a return on equity of 4.51%. The company had revenue of $2.58 billion during the quarter.

News Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, October 9th. Shareholders of record on Wednesday, September 11th were issued a dividend of $0.10 per share. This represents a yield of 0.7%. The ex-dividend date was Wednesday, September 11th. News’s payout ratio is 43.48%.

Analysts Set New Price Targets

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

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.