Baker Ellis Asset Management LLC Grows Holdings in News Co. (NASDAQ:NWS)

Baker Ellis Asset Management LLC increased its position in shares of News Co. (NASDAQ:NWS) by 30.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,860 shares of the company’s stock after buying an additional 7,810 shares during the period. Baker Ellis Asset Management LLC’s holdings in News were worth $1,030,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Avanza Fonder AB bought a new stake in shares of News in the 4th quarter worth about $224,000. Czech National Bank increased its position in shares of News by 6.2% in the 4th quarter. Czech National Bank now owns 24,281 shares of the company’s stock worth $739,000 after purchasing an additional 1,414 shares during the last quarter. GAMMA Investing LLC increased its position in shares of News by 28.5% in the 4th quarter. GAMMA Investing LLC now owns 7,790 shares of the company’s stock worth $237,000 after purchasing an additional 1,729 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of News by 101.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 496,926 shares of the company’s stock valued at $13,889,000 after buying an additional 249,659 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of News by 1.9% in the 3rd quarter. Principal Financial Group Inc. now owns 137,034 shares of the company’s stock valued at $3,830,000 after buying an additional 2,609 shares during the period. Institutional investors own 14.63% of the company’s stock.

News Trading Up 0.6 %

NASDAQ NWS opened at $31.12 on Thursday. News Co. has a one year low of $23.99 and a one year high of $32.87. The company has a 50-day simple moving average of $31.24 and a 200-day simple moving average of $29.38. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38. The firm has a market capitalization of $17.70 billion, a PE ratio of 50.19 and a beta of 1.38.

News (NASDAQ:NWS) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.21 EPS for the quarter. The business had revenue of $2.58 billion during the quarter. News had a net margin of 3.49% and a return on equity of 4.76%.

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