Assenagon Asset Management S.A. grew its position in News Co. (NASDAQ:NWS – Free Report) by 803.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 934,266 shares of the company’s stock after buying an additional 830,841 shares during the period. Assenagon Asset Management S.A. owned 0.16% of News worth $18,424,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in NWS. Independent Franchise Partners LLP grew its stake in shares of News by 1.1% during the first quarter. Independent Franchise Partners LLP now owns 12,637,239 shares of the company’s stock worth $220,267,000 after purchasing an additional 135,911 shares during the period. BlackRock Inc. grew its stake in shares of News by 3.6% during the third quarter. BlackRock Inc. now owns 6,775,740 shares of the company’s stock worth $104,482,000 after purchasing an additional 232,325 shares during the period. Vanguard Group Inc. grew its stake in shares of News by 2.2% during the third quarter. Vanguard Group Inc. now owns 5,283,045 shares of the company’s stock worth $81,465,000 after purchasing an additional 114,591 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of News by 2,544.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,742,576 shares of the company’s stock worth $82,664,000 after purchasing an additional 4,563,248 shares during the period. Finally, State Street Corp grew its stake in shares of News by 2.7% during the first quarter. State Street Corp now owns 4,602,793 shares of the company’s stock worth $80,667,000 after purchasing an additional 122,961 shares during the period. 13.46% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at News
In other News news, CAO Marygrace Degrazio sold 9,754 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $21.08, for a total value of $205,614.32. Following the completion of the transaction, the chief accounting officer now directly owns 21,722 shares of the company’s stock, valued at $457,899.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CAO Marygrace Degrazio sold 9,754 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $21.08, for a total value of $205,614.32. Following the sale, the chief accounting officer now directly owns 21,722 shares in the company, valued at $457,899.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Susan Panuccio sold 184,212 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $20.97, for a total value of $3,862,925.64. Following the completion of the sale, the chief financial officer now owns 165,045 shares in the company, valued at $3,460,993.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 251,966 shares of company stock valued at $5,285,380. Company insiders own 13.68% of the company’s stock.
News Stock Up 2.5 %
Shares of News stock opened at $20.98 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.28 and a debt-to-equity ratio of 0.33. News Co. has a 12 month low of $15.15 and a 12 month high of $22.14. The business has a fifty day simple moving average of $21.01 and a 200 day simple moving average of $19.40. The stock has a market cap of $11.99 billion, a PE ratio of 77.70 and a beta of 1.35.
News (NASDAQ:NWS – Get Free Report) last posted its earnings results on Thursday, August 10th. The company reported $0.14 earnings per share (EPS) for the quarter. News had a return on equity of 3.17% and a net margin of 1.51%. The firm had revenue of $2.43 billion during the quarter.
News Dividend Announcement
The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Wednesday, September 13th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, September 12th. This represents a yield of 0.9%. News’s payout ratio is 74.07%.
News Company Profile
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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Read More: Assenagon Asset Management S.A. Has $18.42 Million Stock Position in News Co.