Global Endowment Management LP Buys New Stake in News Co. (NASDAQ:NWS)

Global Endowment Management LP purchased a new stake in News Co. (NASDAQ:NWS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 16,783 shares of the company's stock, valued at approximately $511,000.

Other large investors also recently bought and sold shares of the company. Dorsey Wright & Associates lifted its holdings in shares of News by 0.3% in the 4th quarter. Dorsey Wright & Associates now owns 109,785 shares of the company's stock valued at $3,341,000 after purchasing an additional 330 shares during the last quarter. iA Global Asset Management Inc. lifted its stake in News by 13.9% in the fourth quarter. iA Global Asset Management Inc. now owns 3,195 shares of the company's stock valued at $97,000 after buying an additional 390 shares during the last quarter. American Century Companies Inc. grew its position in shares of News by 1.5% during the fourth quarter. American Century Companies Inc. now owns 29,896 shares of the company's stock worth $910,000 after acquiring an additional 429 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of News by 1.8% in the 3rd quarter. Stifel Financial Corp now owns 27,063 shares of the company's stock valued at $756,000 after acquiring an additional 479 shares during the period. Finally, Asset Management One Co. Ltd. raised its position in News by 22.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 2,668 shares of the company's stock valued at $82,000 after purchasing an additional 497 shares during the last quarter. Institutional investors and hedge funds own 14.63% of the company's stock.

Wall Street Analyst Weigh In

Separately, Seaport Res Ptn raised shares of News to a "strong-buy" rating in a research report on Friday, January 31st.

News Stock Down 2.5 %

NWS opened at $29.75 on Thursday. News Co. has a 52 week low of $23.99 and a 52 week high of $35.25. The business has a 50 day moving average price of $31.36 and a two-hundred day moving average price of $30.76. The company has a quick ratio of 1.65, a current ratio of 1.73 and a debt-to-equity ratio of 0.22. The company has a market cap of $16.88 billion, a PE ratio of 40.75 and a beta of 1.26.

News (NASDAQ:NWS - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). News had a return on equity of 5.31% and a net margin of 4.22%. As a group, research analysts anticipate that News Co. will post 1.03 EPS for the current year.

News Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 12th were issued a $0.10 dividend. This represents a dividend yield of 0.6%. The ex-dividend date was Wednesday, March 12th. News's payout ratio is 27.40%.

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

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