Rhumbline Advisers Has $2.81 Million Stock Position in News Corp (NASDAQ:NWS)

Rhumbline Advisers raised its position in News Corp (NASDAQ:NWS) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 196,343 shares of the company’s stock after acquiring an additional 1,571 shares during the period. Rhumbline Advisers’ holdings in News were worth $2,807,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Strs Ohio bought a new stake in shares of News in the 3rd quarter valued at approximately $506,000. Pacer Advisors Inc. grew its stake in shares of News by 10.0% in the 3rd quarter. Pacer Advisors Inc. now owns 12,917 shares of the company’s stock valued at $185,000 after purchasing an additional 1,171 shares during the period. Contravisory Investment Management Inc. bought a new stake in shares of News in the 3rd quarter valued at approximately $284,000. Macquarie Group Ltd. grew its stake in shares of News by 128.7% in the 2nd quarter. Macquarie Group Ltd. now owns 248,829 shares of the company’s stock valued at $3,474,000 after purchasing an additional 140,051 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of News by 13.1% in the 2nd quarter. Royal Bank of Canada now owns 20,901 shares of the company’s stock valued at $292,000 after purchasing an additional 2,413 shares during the period. 10.56% of the stock is owned by hedge funds and other institutional investors.

In related news, CFO Kevin Halpin sold 10,000 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $14.32, for a total transaction of $143,200.00. Following the sale, the chief financial officer now directly owns 67,499 shares in the company, valued at approximately $966,585.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel David B. Pitofsky sold 30,919 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $13.83, for a total value of $427,609.77. Following the sale, the general counsel now owns 100,395 shares in the company, valued at $1,388,462.85. The disclosure for this sale can be found here. 39.40% of the stock is owned by corporate insiders.

Shares of NWS stock traded down $0.04 during trading hours on Tuesday, hitting $13.32. The company had a trading volume of 18,313 shares, compared to its average volume of 605,436. News Corp has a 12 month low of $10.85 and a 12 month high of $15.01. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of 40.09 and a beta of 1.45. The firm’s fifty day moving average is $13.98 and its 200 day moving average is $13.44. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.09.

NWS has been the topic of several analyst reports. BidaskClub lowered News from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine upgraded News from a “sell” rating to a “hold” rating in a research note on Friday.

News Profile

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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Institutional Ownership by Quarter for News (NASDAQ:NWS)

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