Price T Rowe Associates Inc. MD Has $135.51 Million Holdings in News Co. (NASDAQ:NWS)

Price T Rowe Associates Inc. MD reduced its stake in News Co. (NASDAQ:NWS) by 1.7% in the 1st quarter, HoldingsChannel reports. The firm owned 5,007,660 shares of the company’s stock after selling 84,184 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in News were worth $135,508,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NWS. Irenic Capital Management LP raised its stake in News by 0.7% during the 4th quarter. Irenic Capital Management LP now owns 5,226,744 shares of the company’s stock worth $134,432,000 after buying an additional 35,739 shares during the period. Vanguard Group Inc. raised its position in shares of News by 1.6% during the third quarter. Vanguard Group Inc. now owns 4,157,578 shares of the company’s stock worth $86,769,000 after purchasing an additional 66,564 shares during the period. Norges Bank bought a new position in shares of News in the 4th quarter worth $7,919,000. BNP Paribas Financial Markets increased its stake in News by 11.5% during the 1st quarter. BNP Paribas Financial Markets now owns 215,847 shares of the company’s stock valued at $5,841,000 after purchasing an additional 22,287 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in News by 1.8% during the fourth quarter. Hsbc Holdings PLC now owns 171,282 shares of the company’s stock worth $4,408,000 after buying an additional 3,052 shares during the last quarter. Institutional investors and hedge funds own 14.63% of the company’s stock.

News Stock Up 0.6 %

Shares of NWS traded up $0.18 on Monday, reaching $28.54. The company’s stock had a trading volume of 69,009 shares, compared to its average volume of 764,382. The stock has a market capitalization of $16.26 billion, a PE ratio of 78.78 and a beta of 1.35. 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 twelve month low of $19.67 and a twelve month high of $29.37. The firm has a fifty day moving average of $28.08 and a 200-day moving average of $26.86.

News (NASDAQ:NWS) last announced its earnings results on Wednesday, May 8th. The company reported $0.11 earnings per share (EPS) for the quarter. 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.

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.