HBK Investments L P Has $15.20 Million Holdings in News Co. (NASDAQ:NWSA)

HBK Investments L P lifted its holdings in News Co. (NASDAQ:NWSA) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 619,000 shares of the company’s stock after purchasing an additional 25,000 shares during the period. News accounts for about 0.1% of HBK Investments L P’s investment portfolio, making the stock its 25th biggest holding. HBK Investments L P owned approximately 0.11% of News worth $15,196,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Nomura Asset Management Co. Ltd. lifted its position in News by 5.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 104,419 shares of the company’s stock worth $2,563,000 after acquiring an additional 5,697 shares during the last quarter. USA Financial Formulas acquired a new position in News during the 4th quarter worth $1,436,000. Charles Schwab Investment Management Inc. lifted its position in News by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,203,777 shares of the company’s stock worth $103,203,000 after acquiring an additional 62,805 shares during the last quarter. Contour Asset Management LLC lifted its position in News by 97.8% during the 4th quarter. Contour Asset Management LLC now owns 3,442,650 shares of the company’s stock worth $84,517,000 after acquiring an additional 1,702,483 shares during the last quarter. Finally, Desjardins Global Asset Management Inc. lifted its position in News by 1,732.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 96,898 shares of the company’s stock worth $2,379,000 after acquiring an additional 91,610 shares during the last quarter. Institutional investors and hedge funds own 66.97% of the company’s stock.

News Stock Performance

News stock traded down $0.22 on Monday, reaching $26.86. 1,675,348 shares of the stock were exchanged, compared to its average volume of 2,737,397. The stock has a market cap of $15.31 billion, a PE ratio of 75.22 and a beta of 1.37. The company has a current ratio of 1.36, a quick ratio of 1.25 and a debt-to-equity ratio of 0.32. News Co. has a twelve month low of $18.59 and a twelve month high of $28.00. The firm has a fifty day moving average price of $25.60 and a two-hundred day moving average price of $25.10.

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

News Company 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 in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.