Strs Ohio Sells 8,838 Shares of News Corporation $NWS

Strs Ohio decreased its position in shares of News Corporation (NASDAQ:NWS) by 10.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,972 shares of the company’s stock after selling 8,838 shares during the quarter. Strs Ohio’s holdings in News were worth $2,710,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in NWS. Vanguard Group Inc. grew its holdings in shares of News by 5.3% during the first quarter. Vanguard Group Inc. now owns 6,879,273 shares of the company’s stock valued at $208,924,000 after buying an additional 344,036 shares during the last quarter. Nuveen LLC purchased a new stake in shares of News during the first quarter valued at approximately $8,393,000. Jefferies Financial Group Inc. grew its holdings in shares of News by 60.2% during the first quarter. Jefferies Financial Group Inc. now owns 356,975 shares of the company’s stock valued at $10,841,000 after buying an additional 134,148 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of News during the first quarter valued at approximately $2,986,000. Finally, Independent Franchise Partners LLP grew its holdings in shares of News by 0.8% during the first quarter. Independent Franchise Partners LLP now owns 9,728,572 shares of the company’s stock valued at $295,457,000 after buying an additional 78,855 shares during the last quarter. Hedge funds and other institutional investors own 14.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NWS. Zacks Research upgraded shares of News from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of News in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

News Trading Down 1.3%

Shares of NWS stock opened at $30.06 on Tuesday. News Corporation has a 12-month low of $26.25 and a 12-month high of $35.58. The company has a current ratio of 1.84, a quick ratio of 1.72 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $32.00 and its 200 day moving average is $32.65. The stock has a market capitalization of $16.98 billion, a P/E ratio of 14.45 and a beta of 1.15.

News (NASDAQ:NWS) last issued its earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.09 billion. News had a net margin of 13.21% and a return on equity of 5.66%. Research analysts expect that News Corporation will post 1.03 earnings per share for the current year.

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