Headlands Technologies LLC Acquires Shares of 12,721 News Co. (NASDAQ:NWSA)

Headlands Technologies LLC purchased a new position in News Co. (NASDAQ:NWSA) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,721 shares of the company’s stock, valued at approximately $333,000.

A number of other large investors have also recently made changes to their positions in NWSA. Fidelis Capital Partners LLC bought a new position in shares of News in the first quarter worth $34,000. Lindbrook Capital LLC boosted its holdings in shares of News by 153.1% in the fourth quarter. Lindbrook Capital LLC now owns 1,635 shares of the company’s stock worth $40,000 after acquiring an additional 989 shares during the period. Principal Securities Inc. bought a new position in shares of News in the fourth quarter worth $45,000. Financial Management Professionals Inc. bought a new position in shares of News in the fourth quarter worth $49,000. Finally, Blue Trust Inc. boosted its holdings in shares of 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 acquiring an additional 1,047 shares during the period. 66.97% of the stock is owned by institutional investors.

News Price Performance

Shares of NWSA stock traded down $0.04 on Wednesday, reaching $28.40. The company’s stock had a trading volume of 177,537 shares, compared to its average volume of 2,726,344. The company has a quick ratio of 1.25, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. News Co. has a 12-month low of $19.09 and a 12-month high of $28.62. The company has a market capitalization of $16.18 billion, a P/E ratio of 79.00 and a beta of 1.33. The stock’s 50 day simple moving average is $26.96 and its 200-day simple moving average is $25.80.

News (NASDAQ:NWSA) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. News had a return on equity of 4.28% and a net margin of 2.09%. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter last year, the business posted $0.09 earnings per share. The firm’s revenue was down 1.0% compared to the same quarter last year. As a group, equities analysts predict that News Co. will post 0.67 earnings per share 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.