SageView Advisory Group LLC Invests $444,000 in News Co. (NASDAQ:NWSA)

SageView Advisory Group LLC bought a new stake in shares of News Co. (NASDAQ:NWSA) in the 1st quarter, Holdings Channel.com reports. The firm bought 16,946 shares of the company’s stock, valued at approximately $444,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Fidelis Capital Partners LLC purchased a new stake in News in the first quarter worth $34,000. Lindbrook Capital LLC raised its holdings in 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 purchasing an additional 989 shares in the last quarter. Principal Securities Inc. purchased a new position in News during the fourth quarter valued at $45,000. Financial Management Professionals Inc. bought a new stake in shares of News during the 4th quarter valued at $49,000. Finally, Blue Trust Inc. grew its position in shares of News by 65.1% in the 4th quarter. Blue Trust Inc. now owns 2,655 shares of the company’s stock worth $65,000 after buying an additional 1,047 shares during the period. 66.97% of the stock is currently owned by institutional investors.

News Stock Down 0.8 %

NASDAQ NWSA traded down $0.21 during trading hours on Thursday, reaching $27.78. 2,156,680 shares of the company’s stock traded hands, compared to its average volume of 2,750,144. The firm has a market cap of $15.83 billion, a PE ratio of 77.17 and a beta of 1.33. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 1.25. News Co. has a 52-week low of $19.09 and a 52-week high of $28.62. The firm has a 50-day simple moving average of $27.10 and a 200 day simple moving average of $25.83.

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