Metropolis Capital Ltd Sells 72,078 Shares of News Corporation $NWS

Metropolis Capital Ltd trimmed its stake in shares of News Corporation (NASDAQ:NWS) by 6.1% in the 3rd quarter, Holdings Channel reports. The firm owned 1,100,538 shares of the company’s stock after selling 72,078 shares during the period. News accounts for approximately 1.0% of Metropolis Capital Ltd’s holdings, making the stock its 16th biggest position. Metropolis Capital Ltd’s holdings in News were worth $34,909,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NWS. Bank of America Corp DE raised its stake in News by 102.7% during the 1st quarter. Bank of America Corp DE now owns 844,576 shares of the company’s stock valued at $24,079,000 after buying an additional 427,841 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of News by 128.0% in the 1st quarter. Quantinno Capital Management LP now owns 681,468 shares of the company’s stock worth $19,429,000 after buying an additional 382,644 shares during the last quarter. Weiss Asset Management LP purchased a new position in shares of News in the 1st quarter worth $5,408,000. Squarepoint Ops LLC bought a new stake in shares of News in the second quarter worth $4,449,000. Finally, Sei Investments Co. grew its holdings in shares of News by 118.0% in the first quarter. Sei Investments Co. now owns 243,153 shares of the company’s stock worth $6,932,000 after acquiring an additional 131,592 shares during the period. Institutional investors own 14.63% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on NWS shares. Zacks Research cut News from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of News in a research report on Friday, October 9th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, News presently has an average rating of “Moderate Buy”.

News Stock Performance

NASDAQ NWS traded up $0.43 during trading hours on Tuesday, hitting $33.33. 207,376 shares of the company’s stock traded hands, compared to its average volume of 1,392,593. The business’s fifty day moving average price is $33.07 and its two-hundred day moving average price is $31.22. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $18.03 billion, a P/E ratio of 32.40 and a beta of 0.96. News Corporation has a 52 week low of $25.49 and a 52 week high of $35.76.

News (NASDAQ:NWS) last announced its earnings results on Wednesday, August 5th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. News had a net margin of 6.35% and a return on equity of 7.09%. The business had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Equities research analysts predict that News Corporation will post 1.31 EPS for the current year.

News Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a dividend yield of 60.0%. News’s payout ratio is presently 19.42%.

News Profile

News Corporation (NASDAQ: NWS) is a global media and information services company with businesses spanning news, publishing, digital real estate services and subscription-based content. The company operates through a portfolio of brands that serve consumers, professionals and businesses across multiple markets.

Its major operations include Dow Jones, which provides business news, financial information and data through publications such as The Wall Street Journal and Barron’s; News Corp Australia and News UK, which publish newspapers and digital news platforms; and HarperCollins Publishers, a global book publishing company.