Squarepoint Ops LLC Buys 46,679 Shares of News Co. (NASDAQ:NWS)

Squarepoint Ops LLC grew its position in shares of News Co. (NASDAQ:NWS) by 418.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,826 shares of the company’s stock after purchasing an additional 46,679 shares during the period. Squarepoint Ops LLC’s holdings in News were worth $1,642,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in News in the 4th quarter worth approximately $7,919,000. Treasurer of the State of North Carolina grew its holdings in shares of News by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 51,640 shares of the company’s stock valued at $1,328,000 after purchasing an additional 500 shares in the last quarter. Gabelli Funds LLC increased its position in News by 5.6% in the fourth quarter. Gabelli Funds LLC now owns 103,000 shares of the company’s stock worth $2,649,000 after purchasing an additional 5,500 shares during the last quarter. Cibc World Markets Corp raised its stake in News by 31.3% during the fourth quarter. Cibc World Markets Corp now owns 77,038 shares of the company’s stock valued at $1,981,000 after purchasing an additional 18,362 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in News by 7.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 30,844 shares of the company’s stock valued at $793,000 after purchasing an additional 2,237 shares during the last quarter. 14.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

News Price Performance

Shares of News stock opened at $27.51 on Friday. The stock has a 50 day moving average price of $28.06 and a 200-day moving average price of $27.40. News Co. has a one year low of $20.35 and a one year high of $29.59. The stock has a market cap of $15.68 billion, a price-to-earnings ratio of 76.42 and a beta of 1.36. 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 posted its quarterly earnings data on Thursday, August 8th. The company reported $0.17 earnings per share 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 for the quarter.

News Dividend Announcement

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