Headlands Technologies LLC Buys 9,762 Shares of News Co. (NASDAQ:NWS)

Headlands Technologies LLC grew its stake in News Co. (NASDAQ:NWS) by 935.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,806 shares of the company’s stock after purchasing an additional 9,762 shares during the quarter. Headlands Technologies LLC’s holdings in News were worth $292,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Norges Bank acquired a new position in shares of News in the fourth quarter valued at about $7,919,000. Citigroup Inc. grew its stake in shares of News by 663.8% in the third quarter. Citigroup Inc. now owns 163,839 shares of the company’s stock valued at $3,419,000 after acquiring an additional 142,388 shares in the last quarter. BNP Paribas Financial Markets grew its stake in News by 127.9% during the fourth quarter. BNP Paribas Financial Markets now owns 193,560 shares of the company’s stock worth $4,978,000 after buying an additional 108,614 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in News during the fourth quarter worth about $1,963,000. Finally, Vanguard Group Inc. grew its stake in 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 buying an additional 66,564 shares in the last quarter. 14.63% of the stock is owned by institutional investors.

News Price Performance

Shares of NWS stock traded down $0.01 on Wednesday, reaching $29.28. The company had a trading volume of 58,341 shares, compared to its average volume of 775,474. The stock has a market capitalization of $16.69 billion, a PE ratio of 81.36 and a beta of 1.35. 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 one year low of $19.36 and a one year high of $29.37. The business’s 50-day moving average is $27.72 and its 200 day moving average is $26.69.

News (NASDAQ:NWS) last posted its earnings results on Wednesday, May 8th. The company reported $0.11 EPS for the quarter. The firm had revenue of $2.42 billion during the quarter. News had a net margin of 2.09% and a return on equity of 4.28%.

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.