New York State Teachers Retirement System trimmed its position in shares of News Co. (NASDAQ:NWSA – Free Report) by 6.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 575,389 shares of the company’s stock after selling 38,886 shares during the quarter. New York State Teachers Retirement System owned 0.10% of News worth $9,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in News by 4.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 71,894,815 shares of the company’s stock worth $1,308,486,000 after acquiring an additional 2,984,601 shares during the last quarter. Vanguard Group Inc. boosted its holdings in News by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 55,393,232 shares of the company’s stock worth $836,992,000 after acquiring an additional 536,547 shares during the last quarter. BlackRock Inc. boosted its holdings in News by 0.8% during the 1st quarter. BlackRock Inc. now owns 25,216,349 shares of the company’s stock worth $558,541,000 after acquiring an additional 210,486 shares during the last quarter. State Street Corp boosted its holdings in News by 1.0% during the 3rd quarter. State Street Corp now owns 17,052,916 shares of the company’s stock worth $259,329,000 after acquiring an additional 164,957 shares during the last quarter. Finally, Yacktman Asset Management LP boosted its holdings in News by 1.7% during the 4th quarter. Yacktman Asset Management LP now owns 16,803,181 shares of the company’s stock worth $305,818,000 after acquiring an additional 286,738 shares during the last quarter. 66.31% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on shares of News in a report on Thursday, May 18th. They issued a “hold” rating on the stock.
News Price Performance
News (NASDAQ:NWSA – Get Free Report) last released its quarterly earnings data on Thursday, May 11th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.40 billion. News had a net margin of 2.64% and a return on equity of 4.71%. During the same period in the prior year, the firm earned $0.16 earnings per share. On average, equities research analysts forecast that News Co. will post 0.44 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.
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