Retirement Systems of Alabama Sells 814 Shares of News Co. (NASDAQ:NWS)

Retirement Systems of Alabama decreased its stake in shares of News Co. (NASDAQ:NWS) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,302 shares of the company’s stock after selling 814 shares during the quarter. Retirement Systems of Alabama’s holdings in News were worth $651,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in News during the fourth quarter valued at $27,000. V Square Quantitative Management LLC bought a new position in News during the third quarter valued at $48,000. GAMMA Investing LLC bought a new position in News during the fourth quarter valued at $73,000. Daiwa Securities Group Inc. lifted its position in News by 147.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,755 shares of the company’s stock valued at $174,000 after purchasing an additional 4,028 shares during the last quarter. Finally, Hartford Investment Management Co. bought a new position in News during the fourth quarter valued at $201,000. Institutional investors own 14.63% of the company’s stock.

News Price Performance

NWS stock opened at $24.93 on Thursday. News Co. has a 52 week low of $16.49 and a 52 week high of $28.92. The company has a quick ratio of 1.33, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a fifty day simple moving average of $26.14 and a two-hundred day simple moving average of $25.03. The firm has a market capitalization of $14.24 billion, a P/E ratio of 62.33 and a beta of 1.37.

News (NASDAQ:NWS) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.26 EPS for the quarter. News had a net margin of 2.29% and a return on equity of 4.14%. The business had revenue of $2.59 billion during the quarter.

About News

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