KCS Wealth Advisory lifted its stake in News Corp (NASDAQ:NWS) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,305 shares of the company’s stock after acquiring an additional 4,730 shares during the quarter. KCS Wealth Advisory’s holdings in News were worth $604,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Gateway Investment Advisers LLC boosted its holdings in shares of News by 2.2% in the third quarter. Gateway Investment Advisers LLC now owns 239,179 shares of the company’s stock worth $3,253,000 after buying an additional 5,182 shares during the last quarter. Hartford Investment Management Co. boosted its holdings in shares of News by 33.9% in the third quarter. Hartford Investment Management Co. now owns 17,347 shares of the company’s stock worth $236,000 after buying an additional 4,396 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of News in the third quarter worth approximately $7,561,000. SG Americas Securities LLC boosted its holdings in shares of News by 326.0% in the third quarter. SG Americas Securities LLC now owns 91,120 shares of the company’s stock worth $1,239,000 after buying an additional 69,728 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of News by 15.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,458,330 shares of the company’s stock worth $19,830,000 after buying an additional 192,805 shares during the last quarter. Hedge funds and other institutional investors own 9.52% of the company’s stock.

Shares of NASDAQ:NWS opened at $12.54 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.11. News Corp has a 1-year low of $10.85 and a 1-year high of $17.70. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 22.75 and a beta of 1.51.

News (NASDAQ:NWS) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.12. News had a negative net margin of 15.61% and a positive return on equity of 2.99%. The business had revenue of $2.52 billion for the quarter.

NWS has been the topic of a number of research reports. BidaskClub raised shares of News from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 26th. Goldman Sachs Group raised shares of News from a “neutral” rating to a “buy” rating in a report on Tuesday, October 9th.

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News Profile

News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.

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Institutional Ownership by Quarter for News (NASDAQ:NWS)

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