Highland Capital Management LLC decreased its stake in News Corp (NASDAQ:NWS) by 17.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,474 shares of the company’s stock after selling 6,380 shares during the quarter. Highland Capital Management LLC’s holdings in News were worth $368,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in NWS. Municipal Employees Retirement System of Michigan acquired a new position in shares of News in the 4th quarter valued at $50,000. FNY Investment Advisers LLC purchased a new stake in News in the 1st quarter worth about $80,000. Crossmark Global Holdings Inc. lifted its stake in News by 10.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 12,055 shares of the company’s stock worth $139,000 after acquiring an additional 1,155 shares in the last quarter. FMR LLC lifted its stake in News by 753.7% in the 4th quarter. FMR LLC now owns 15,895 shares of the company’s stock worth $184,000 after acquiring an additional 14,033 shares in the last quarter. Finally, LPL Financial LLC purchased a new stake in News in the 4th quarter worth about $189,000. Institutional investors and hedge funds own 9.60% of the company’s stock.
Shares of News stock opened at $12.63 on Friday. The stock has a market capitalization of $7.39 billion, a P/E ratio of 25.78 and a beta of 1.42. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.19 and a quick ratio of 1.09. News Corp has a 1 year low of $10.85 and a 1 year high of $16.80.
The company also recently declared a semiannual dividend, which was paid on Wednesday, April 17th. Stockholders of record on Wednesday, March 13th were paid a dividend of $0.10 per share. This represents a dividend yield of 1.58%. The ex-dividend date of this dividend was Tuesday, March 12th.
NWS has been the subject of several research analyst reports. BidaskClub raised News from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. TheStreet downgraded News from a “c” rating to a “d+” rating in a research note on Tuesday, March 19th.
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News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, 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 DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.
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