Inspire Advisors LLC Acquires 1,631 Shares of News Co. (NASDAQ:NWSA)

Inspire Advisors LLC raised its holdings in News Co. (NASDAQ:NWSA) by 8.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,517 shares of the company’s stock after acquiring an additional 1,631 shares during the period. Inspire Advisors LLC’s holdings in News were worth $563,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fidelis Capital Partners LLC bought a new stake in shares of News during the first quarter worth about $34,000. Lindbrook Capital LLC increased its holdings in shares of News by 153.1% during the fourth quarter. Lindbrook Capital LLC now owns 1,635 shares of the company’s stock valued at $40,000 after acquiring an additional 989 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of News during the fourth quarter valued at approximately $45,000. Financial Management Professionals Inc. bought a new stake in shares of News during the fourth quarter valued at approximately $49,000. Finally, Blue Trust Inc. increased its holdings in shares of News by 65.1% during the fourth quarter. Blue Trust Inc. now owns 2,655 shares of the company’s stock valued at $65,000 after acquiring an additional 1,047 shares in the last quarter. Institutional investors own 66.97% of the company’s stock.

News Stock Up 2.7 %

News stock traded up $0.75 during trading on Tuesday, hitting $28.45. 2,004,918 shares of the company were exchanged, compared to its average volume of 2,727,572. The business’s 50 day moving average is $26.88 and its 200 day moving average is $25.77. News Co. has a 52 week low of $19.09 and a 52 week high of $28.62. The company has a market capitalization of $16.21 billion, a P/E ratio of 76.94 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 (NASDAQ:NWSA) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. News had a return on equity of 4.28% and a net margin of 2.09%. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the prior year, the company posted $0.09 earnings per share. News’s revenue was down 1.0% compared to the same quarter last year. Analysts predict that News Co. will post 0.67 earnings per share for the current 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.