SG Americas Securities LLC boosted its stake in shares of News Corporation (NASDAQ:NWS) by 133.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,943 shares of the company’s stock after buying an additional 30,264 shares during the period. SG Americas Securities LLC’s holdings in News Corporation were worth $715,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in NWS. Guggenheim Capital LLC increased its position in shares of News Corporation by 79.5% in the fourth quarter. Guggenheim Capital LLC now owns 879,598 shares of the company’s stock worth $10,380,000 after buying an additional 389,636 shares during the last quarter. First Republic Investment Management Inc. increased its position in shares of News Corporation by 2.2% in the fourth quarter. First Republic Investment Management Inc. now owns 94,146 shares of the company’s stock worth $1,111,000 after buying an additional 2,000 shares during the last quarter. Franklin Resources Inc. increased its position in shares of News Corporation by 10.2% in the fourth quarter. Franklin Resources Inc. now owns 944,600 shares of the company’s stock worth $11,146,000 after buying an additional 87,600 shares during the last quarter. Tyers Asset Management LLC bought a new position in shares of News Corporation during the fourth quarter worth approximately $227,000. Finally, Renaissance Technologies LLC increased its position in shares of News Corporation by 7.1% in the fourth quarter. Renaissance Technologies LLC now owns 555,100 shares of the company’s stock worth $6,550,000 after buying an additional 36,700 shares during the last quarter. 9.74% of the stock is owned by hedge funds and other institutional investors.
News Corporation (NASDAQ:NWS) opened at 14.25 on Tuesday. The firm has a 50-day moving average price of $13.53 and a 200-day moving average price of $12.96. News Corporation has a 52 week low of $10.90 and a 52 week high of $15.22. The firm’s market capitalization is $8.29 billion.
News Corporation (NASDAQ:NWS) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.03. News Corporation had a negative net margin of 2.64% and a positive return on equity of 1.77%. The firm had revenue of $1.98 billion during the quarter. Equities analysts forecast that News Corporation will post $1.39 EPS for the current year.
About News Corporation
News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.
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