AQR Capital Management LLC Raises Stock Position in News Co. (NASDAQ:NWS)

AQR Capital Management LLC lifted its position in News Co. (NASDAQ:NWS) by 10.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,113 shares of the company’s stock after buying an additional 1,051 shares during the period. AQR Capital Management LLC’s holdings in News were worth $316,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NWS. Covestor Ltd grew its position in News by 69.9% during the 1st quarter. Covestor Ltd now owns 1,201 shares of the company’s stock worth $33,000 after purchasing an additional 494 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in News during the 1st quarter worth approximately $65,000. iA Global Asset Management Inc. purchased a new stake in shares of News in the 1st quarter valued at $76,000. ORG Partners LLC purchased a new stake in shares of News in the 2nd quarter valued at $81,000. Finally, GAMMA Investing LLC boosted its holdings in shares of News by 18.8% in the 1st quarter. GAMMA Investing LLC now owns 3,392 shares of the company’s stock valued at $92,000 after acquiring an additional 537 shares during the last quarter. Hedge funds and other institutional investors own 14.63% of the company’s stock.

News Stock Performance

NASDAQ:NWS opened at $27.87 on Thursday. 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 company has a fifty day moving average of $28.02 and a two-hundred day moving average of $27.44. The stock has a market capitalization of $15.88 billion, a PE ratio of 77.42 and a beta of 1.36. News Co. has a fifty-two week low of $20.85 and a fifty-two week high of $29.59.

News (NASDAQ:NWS) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.17 earnings per share for the quarter. The company 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 Announces Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Wednesday, October 9th. Stockholders of record on Wednesday, September 11th were issued a dividend of $0.10 per share. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 11th. News’s payout ratio is 55.56%.

Analyst Upgrades and Downgrades

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

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