BI Asset Management Fondsmaeglerselskab A S Has $1.16 Million Stock Holdings in News Co. (NASDAQ:NWSA)

BI Asset Management Fondsmaeglerselskab A S increased its position in shares of News Co. (NASDAQ:NWSA) by 164.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,443 shares of the company’s stock after buying an additional 27,662 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in News were worth $1,164,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Seven Eight Capital LP bought a new stake in shares of News during the third quarter worth about $230,000. Royal London Asset Management Ltd. grew its stake in shares of News by 3.2% in the 3rd quarter. Royal London Asset Management Ltd. now owns 159,199 shares of the company’s stock worth $3,194,000 after acquiring an additional 4,983 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in News by 321.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,155,073 shares of the company’s stock valued at $23,171,000 after buying an additional 880,977 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in News by 3.0% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 168,690 shares of the company’s stock valued at $3,384,000 after acquiring an additional 4,856 shares during the period. Finally, Deutsche Bank AG lifted its stake in shares of News by 23.3% during the 3rd quarter. Deutsche Bank AG now owns 917,914 shares of the company’s stock valued at $18,413,000 after buying an additional 173,293 shares in the last quarter. Institutional investors own 66.97% of the company’s stock.

News Stock Performance

Shares of NASDAQ NWSA traded up $0.01 during mid-day trading on Wednesday, hitting $27.73. The company had a trading volume of 473,034 shares, compared to its average volume of 2,725,058. The company has a current ratio of 1.36, a quick ratio of 1.25 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $15.80 billion, a price-to-earnings ratio of 77.00 and a beta of 1.33. News Co. has a 1 year low of $19.09 and a 1 year high of $28.00. The stock’s 50-day moving average price is $26.60 and its 200-day moving average price is $25.67.

News (NASDAQ:NWSA) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. 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, compared to analysts’ expectations of $2.45 billion. During the same period last year, the firm posted $0.09 EPS. News’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, sell-side analysts forecast that News Co. will post 0.67 earnings per share for the current year.

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.