Highland Capital Management LLC Sells 500 Shares of News Co. (NASDAQ:NWS)

Highland Capital Management LLC cut its holdings in shares of News Co. (NASDAQ:NWS) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 reporting period.

Other large investors also recently modified their holdings of the company. Sei Investments Co. raised its holdings in News by 16.3% during the second quarter. Sei Investments Co. now owns 60,217 shares of the company’s stock worth $1,710,000 after acquiring an additional 8,428 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of News by 12.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 19,349 shares of the company’s stock valued at $549,000 after buying an additional 2,113 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of News by 15.3% in the 2nd quarter. Bank of Montreal Can now owns 97,017 shares of the company’s stock valued at $2,787,000 after buying an additional 12,857 shares during the last quarter. Squarepoint Ops LLC increased its holdings in News by 418.8% during the second quarter. Squarepoint Ops LLC now owns 57,826 shares of the company’s stock worth $1,642,000 after buying an additional 46,679 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in News by 10.4% during the second quarter. AQR Capital Management LLC now owns 11,113 shares of the company’s stock worth $316,000 after acquiring an additional 1,051 shares in the last quarter. 14.63% of the stock is currently owned by institutional investors and hedge funds.

News Stock Performance

Shares of NWS opened at $31.60 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26. The firm has a 50-day moving average of $31.22 and a 200-day moving average of $29.51. The company has a market cap of $17.97 billion, a PE ratio of 50.97 and a beta of 1.38. News Co. has a one year low of $23.99 and a one year high of $32.87.

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

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 through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.