114,000 Shares in News Co. (NASDAQ:NWSA) Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of News Co. (NASDAQ:NWSA) during the 4th quarter, HoldingsChannel reports. The firm bought 114,000 shares of the company’s stock, valued at approximately $2,799,000.

Several other institutional investors have also added to or reduced their stakes in NWSA. Pathstone Family Office LLC purchased a new stake in News during the 3rd quarter valued at $352,000. Deutsche Bank AG boosted its stake in News by 23.3% during the 3rd quarter. Deutsche Bank AG now owns 917,914 shares of the company’s stock valued at $18,413,000 after purchasing an additional 173,293 shares during the last quarter. Rhumbline Advisers boosted its stake in News by 1.4% during the 3rd quarter. Rhumbline Advisers now owns 761,819 shares of the company’s stock valued at $15,282,000 after purchasing an additional 10,729 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in News by 2.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 39,318 shares of the company’s stock valued at $789,000 after purchasing an additional 870 shares during the last quarter. Finally, Rafferty Asset Management LLC boosted its stake in News by 11.6% during the 3rd quarter. Rafferty Asset Management LLC now owns 28,379 shares of the company’s stock valued at $569,000 after purchasing an additional 2,943 shares during the last quarter. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

News Stock Performance

NWSA stock opened at $26.86 on Tuesday. The company has a market cap of $15.31 billion, a P/E ratio of 74.61 and a beta of 1.37. News Co. has a 1 year low of $18.59 and a 1 year high of $28.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 1.25. The stock’s fifty day moving average price is $25.62 and its 200-day moving average price is $25.14.

News (NASDAQ:NWSA) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.45 billion. News had a return on equity of 4.28% and a net margin of 2.09%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period last year, the business posted $0.09 EPS. On average, equities analysts forecast that News Co. will post 0.67 earnings per share for the current year.

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.