Highland Capital Management LLC Has $882,000 Stake in News Co. (NASDAQ:NWS)

Highland Capital Management LLC reduced its stake in shares of News Co. (NASDAQ:NWSFree Report) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,977 shares of the company’s stock after selling 500 shares during the quarter. Highland Capital Management LLC’s holdings in News were worth $882,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Daiwa Securities Group Inc. grew its stake in shares of News by 4.6% during the third quarter. Daiwa Securities Group Inc. now owns 7,986 shares of the company’s stock worth $223,000 after purchasing an additional 348 shares during the period. Blue Trust Inc. boosted its stake in News by 253.3% during the 3rd quarter. Blue Trust Inc. now owns 2,021 shares of the company’s stock worth $57,000 after acquiring an additional 1,449 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in News by 101.0% during the third quarter. JPMorgan Chase & Co. now owns 496,926 shares of the company’s stock valued at $13,889,000 after purchasing an additional 249,659 shares during the period. GAMMA Investing LLC increased its stake in News by 28.5% in the fourth quarter. GAMMA Investing LLC now owns 7,790 shares of the company’s stock valued at $237,000 after purchasing an additional 1,729 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of News by 1.9% during the third quarter. Principal Financial Group Inc. now owns 137,034 shares of the company’s stock worth $3,830,000 after purchasing an additional 2,609 shares in the last quarter. 14.63% of the stock is currently owned by institutional investors.

News Price Performance

NWS opened at $31.60 on Friday. The stock has a market cap of $17.97 billion, a P/E ratio of 50.97 and a beta of 1.38. News Co. has a 12 month low of $23.99 and a 12 month high of $32.87. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30. The company has a fifty day simple moving average of $31.22 and a 200 day simple moving average of $29.51.

News (NASDAQ:NWSGet Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.21 EPS for the quarter. News had a return on equity of 4.76% and a net margin of 3.49%. The company had revenue of $2.58 billion for the quarter.

News Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding NWS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for News Co. (NASDAQ:NWSFree Report).

Institutional Ownership by Quarter for News (NASDAQ:NWS)

Receive News & Ratings for News Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for News and related companies with MarketBeat.com's FREE daily email newsletter.