News Co. (NASDAQ:NWS) Shares Purchased by Metropolis Capital Ltd

Metropolis Capital Ltd grew its position in shares of News Co. (NASDAQ:NWS) by 11.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 609,566 shares of the company’s stock after buying an additional 64,248 shares during the quarter. News makes up about 0.7% of Metropolis Capital Ltd’s investment portfolio, making the stock its 15th largest holding. Metropolis Capital Ltd owned approximately 0.11% of News worth $18,513,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Dorsey Wright & Associates grew its stake in shares of News by 0.3% during the fourth quarter. Dorsey Wright & Associates now owns 109,785 shares of the company’s stock valued at $3,341,000 after purchasing an additional 330 shares during the last quarter. iA Global Asset Management Inc. increased its stake in News by 13.9% in the fourth quarter. iA Global Asset Management Inc. now owns 3,195 shares of the company’s stock valued at $97,000 after acquiring an additional 390 shares during the last quarter. American Century Companies Inc. grew its stake in shares of News by 1.5% during the fourth quarter. American Century Companies Inc. now owns 29,896 shares of the company’s stock worth $910,000 after buying an additional 429 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in News by 1.5% during the 4th quarter. MetLife Investment Management LLC now owns 29,660 shares of the company’s stock worth $903,000 after buying an additional 450 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in News by 22.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,668 shares of the company’s stock valued at $82,000 after purchasing an additional 497 shares in the last quarter. Institutional investors own 14.63% of the company’s stock.

News Stock Performance

Shares of NWS stock opened at $31.35 on Friday. The firm has a 50-day moving average of $31.60 and a 200-day moving average of $31.49. News Co. has a one year low of $26.04 and a one year high of $35.25. The company has a market cap of $17.75 billion, a P/E ratio of 42.95 and a beta of 1.23. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.65.

News (NASDAQ:NWS) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.05). News had a net margin of 4.22% and a return on equity of 5.31%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2 billion. Equities research analysts forecast that News Co. will post 1.03 EPS for the current fiscal year.

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.