News Co. (NASDAQ:NWS – Get Rating) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totalling 1,830,000 shares, a growth of 46.4% from the April 30th total of 1,250,000 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 628,500 shares, the days-to-cover ratio is presently 2.9 days.
Shares of News stock traded up $0.45 during trading hours on Friday, reaching $17.85. 829,353 shares of the company’s stock were exchanged, compared to its average volume of 885,444. News has a 1 year low of $16.57 and a 1 year high of $26.11. The company has a market capitalization of $10.46 billion, a P/E ratio of 21.00 and a beta of 1.38. The business has a fifty day moving average of $20.37 and a two-hundred day moving average of $21.62. The company has a quick ratio of 1.09, a current ratio of 1.18 and a debt-to-equity ratio of 0.27.
News (NASDAQ:NWS – Get Rating) last released its earnings results on Thursday, May 5th. The company reported $0.16 earnings per share (EPS) for the quarter. News had a net margin of 4.89% and a return on equity of 6.35%. The business had revenue of $2.49 billion during the quarter.
Hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of News by 6.1% during the fourth quarter. BlackRock Inc. now owns 6,939,070 shares of the company’s stock valued at $156,128,000 after acquiring an additional 401,466 shares during the last quarter. Vanguard Group Inc. increased its holdings in News by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 5,194,590 shares of the company’s stock valued at $116,983,000 after purchasing an additional 35,757 shares during the last quarter. State Street Corp increased its holdings in News by 3.2% in the 4th quarter. State Street Corp now owns 4,623,706 shares of the company’s stock valued at $104,033,000 after purchasing an additional 142,899 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in News by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,698,222 shares of the company’s stock valued at $60,773,000 after purchasing an additional 67,899 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in News by 7.5% in the 4th quarter. Geode Capital Management LLC now owns 2,506,202 shares of the company’s stock valued at $56,312,000 after purchasing an additional 175,493 shares during the last quarter. 24.61% of the stock is currently owned by hedge funds and other institutional investors.
News Company Profile (Get Rating)
News Corporation, a media and information services company, focuses on creating and distributing content 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. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron’s, MarketWatch, and Investor’s Business Daily through various media channels, such as newspapers, newswires, websites, applications for mobile devices, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, videos, and podcasts.