CANADA LIFE ASSURANCE Co Has $8.40 Million Position in News Co. (NASDAQ:NWSA)

CANADA LIFE ASSURANCE Co grew its stake in shares of News Co. (NASDAQ:NWSA) by 1.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 320,425 shares of the company’s stock after acquiring an additional 4,694 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in News were worth $8,395,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NWSA. Raymond James Financial Services Advisors Inc. purchased a new position in shares of News during the 4th quarter valued at $1,719,000. Assenagon Asset Management S.A. bought a new stake in News in the fourth quarter worth $314,000. Blue Trust Inc. boosted its holdings in News by 65.1% in the fourth quarter. Blue Trust Inc. now owns 2,655 shares of the company’s stock worth $65,000 after purchasing an additional 1,047 shares in the last quarter. Arizona State Retirement System boosted its holdings in News by 0.8% in the fourth quarter. Arizona State Retirement System now owns 104,777 shares of the company’s stock worth $2,572,000 after purchasing an additional 846 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in News by 2,365.7% in the fourth quarter. International Assets Investment Management LLC now owns 23,252 shares of the company’s stock worth $571,000 after purchasing an additional 22,309 shares in the last quarter. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

News Trading Down 0.6 %

Shares of NASDAQ:NWSA opened at $27.15 on Friday. The stock has a market capitalization of $15.47 billion, a PE ratio of 75.42 and a beta of 1.33. 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 1 year low of $19.09 and a 1 year high of $28.62. The firm has a fifty day moving average price of $27.27 and a 200 day moving average price of $25.93.

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. Analysts expect that News Co. will post 0.67 EPS 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.