News Corporation (NWS) Stake Boosted by Ameriprise Financial Inc.
Ameriprise Financial Inc. increased its stake in News Corporation (NASDAQ:NWS) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,210 shares of the company’s stock after buying an additional 216 shares during the period. Ameriprise Financial Inc.’s holdings in News Corporation were worth $733,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in shares of News Corporation during the fourth quarter valued at approximately $2,349,000. Comerica Bank raised its stake in shares of News Corporation by 2.3% in the fourth quarter. Comerica Bank now owns 29,020 shares of the company’s stock valued at $361,000 after buying an additional 640 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of News Corporation by 39.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,336,906 shares of the company’s stock valued at $15,777,000 after buying an additional 378,922 shares during the last quarter. Renaissance Technologies LLC raised its stake 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 valued at $6,550,000 after buying an additional 36,700 shares during the last quarter. Finally, Thrivent Financial for Lutherans bought a new stake in shares of News Corporation during the fourth quarter valued at approximately $817,000. 9.73% of the stock is owned by institutional investors.
Shares of News Corporation (NWS) opened at 14.35 on Thursday. The stock’s market cap is $8.35 billion. The stock’s 50 day moving average is $13.98 and its 200-day moving average is $13.24. News Corporation has a 12-month low of $11.25 and a 12-month high of $15.22.
News Corporation (NASDAQ:NWS) last announced its quarterly earnings results on Tuesday, May 9th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. News Corporation had a positive return on equity of 1.77% and a negative net margin of 2.64%. The business had revenue of $1.98 billion during the quarter. Equities analysts anticipate that News Corporation will post $1.39 EPS for the current fiscal year.
Separately, BidaskClub raised shares of News Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th.
News Corporation Company Profile
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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