Handelsinvest Investeringsforvaltning Has $412,000 Stock Position in News Co. (NASDAQ:NWSA)

Handelsinvest Investeringsforvaltning reduced its position in shares of News Co. (NASDAQ:NWSA) by 34.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,731 shares of the company’s stock after selling 8,167 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in News were worth $412,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Mariner LLC raised its stake in shares of News by 23.5% in the third quarter. Mariner LLC now owns 44,607 shares of the company’s stock worth $895,000 after purchasing an additional 8,480 shares during the last quarter. Natixis Advisors L.P. raised its stake in shares of News by 13.4% in the third quarter. Natixis Advisors L.P. now owns 30,344 shares of the company’s stock worth $609,000 after purchasing an additional 3,576 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in shares of News by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 172,550 shares of the company’s stock worth $3,461,000 after purchasing an additional 863 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of News by 74.0% in the third quarter. Tower Research Capital LLC TRC now owns 30,296 shares of the company’s stock worth $608,000 after purchasing an additional 12,884 shares during the last quarter. Finally, Bank of Nova Scotia raised its stake in shares of News by 14.4% in the third quarter. Bank of Nova Scotia now owns 34,955 shares of the company’s stock worth $701,000 after purchasing an additional 4,410 shares during the last quarter. 66.97% of the stock is owned by institutional investors and hedge funds.

News Stock Performance

Shares of News stock opened at $27.66 on Thursday. The company has a market cap of $15.76 billion, a PE ratio of 76.83 and a beta of 1.33. News Co. has a 52 week low of $18.98 and a 52 week high of $28.00. The business has a 50 day moving average price of $26.32 and a 200-day moving average price of $25.55. The company has a quick ratio of 1.25, a current ratio of 1.36 and a debt-to-equity ratio of 0.32.

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