BNP Paribas Financial Markets Grows Stock Position in News Co. (NASDAQ:NWS)

BNP Paribas Financial Markets boosted its holdings in News Co. (NASDAQ:NWS) by 11.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 215,847 shares of the company’s stock after buying an additional 22,287 shares during the period. BNP Paribas Financial Markets’ holdings in News were worth $5,841,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. US Asset Management LLC bought a new position in shares of News during the 4th quarter valued at approximately $770,000. Vanguard Group Inc. grew its stake in News by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 4,157,578 shares of the company’s stock worth $86,769,000 after acquiring an additional 66,564 shares in the last quarter. Citigroup Inc. raised its stake in shares of News by 663.8% during the third quarter. Citigroup Inc. now owns 163,839 shares of the company’s stock valued at $3,419,000 after acquiring an additional 142,388 shares in the last quarter. Gabelli Funds LLC grew its stake 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 in the last quarter. Finally, New York Life Investment Management LLC raised its position in News by 1.6% during the 4th quarter. New York Life Investment Management LLC now owns 27,907 shares of the company’s stock valued at $718,000 after purchasing an additional 432 shares in the last quarter. 14.63% of the stock is owned by hedge funds and other institutional investors.

News Price Performance

Shares of NWS opened at $28.64 on Friday. The stock has a market capitalization of $16.32 billion, a PE ratio of 79.56 and a beta of 1.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.25 and a current ratio of 1.36. The company has a 50 day moving average price of $27.52 and a 200-day moving average price of $26.61. News Co. has a fifty-two week low of $19.36 and a fifty-two week high of $28.92.

News (NASDAQ:NWS) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $2.42 billion for the quarter. News had a net margin of 2.09% and a return on equity of 4.28%.

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.