News Co. (NASDAQ:NWS) is 59 North Capital Management LP’s 10th Largest Position

59 North Capital Management LP decreased its holdings in News Co. (NASDAQ:NWS) by 8.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,624,758 shares of the company’s stock after selling 142,774 shares during the period. News makes up about 3.9% of 59 North Capital Management LP’s holdings, making the stock its 10th biggest holding. 59 North Capital Management LP owned approximately 0.28% of News worth $33,909,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in News by 22.9% during the 1st quarter. JPMorgan Chase & Co. now owns 85,378 shares of the company’s stock valued at $1,924,000 after buying an additional 15,882 shares during the period. American Century Companies Inc. boosted its position in News by 10.7% during the 1st quarter. American Century Companies Inc. now owns 16,619 shares of the company’s stock valued at $374,000 after buying an additional 1,604 shares during the period. PNC Financial Services Group Inc. boosted its position in News by 8.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,854 shares of the company’s stock valued at $267,000 after buying an additional 902 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in News by 56.0% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 35,417 shares of the company’s stock valued at $798,000 after buying an additional 12,714 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in News by 63.3% in the 1st quarter. Acadian Asset Management LLC now owns 27,884 shares of the company’s stock worth $626,000 after purchasing an additional 10,813 shares in the last quarter. Hedge funds and other institutional investors own 13.46% of the company’s stock.

News Trading Down 2.1 %

NASDAQ NWS traded down $0.59 during trading on Friday, hitting $27.40. The company had a trading volume of 857,890 shares, compared to its average volume of 733,212. The company has a current ratio of 1.44, a quick ratio of 1.33 and a debt-to-equity ratio of 0.33. News Co. has a one year low of $15.73 and a one year high of $28.92. The company has a market cap of $15.65 billion, a price-to-earnings ratio of 68.50 and a beta of 1.35. The company’s fifty day moving average is $26.10 and its 200-day moving average is $23.43.

News (NASDAQ:NWS) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.26 EPS for the quarter. The business had revenue of $2.59 billion during the quarter. News had a net margin of 2.29% and a return on equity of 4.14%.

News Dividend Announcement

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, April 10th. Investors of record on Wednesday, March 13th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, March 12th. This represents a dividend yield of 0.7%. News’s payout ratio is 50.00%.

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.