Dimensional Fund Advisors LP Raises Position in News Corporation (NASDAQ:NWS)

Dimensional Fund Advisors LP increased its stake in shares of News Corporation (NASDAQ:NWS) by 12.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,498,859 shares of the company’s stock after buying an additional 161,953 shares during the period. Dimensional Fund Advisors LP’s holdings in News Corporation were worth $20,236,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in News Corporation by 9.2% in the first quarter. Geode Capital Management LLC now owns 1,233,918 shares of the company’s stock valued at $16,639,000 after buying an additional 103,524 shares during the last quarter. Norges Bank bought a new position in News Corporation during the fourth quarter valued at $14,029,000. Gamco Investors INC. ET AL boosted its position in News Corporation by 2.3% in the first quarter. Gamco Investors INC. ET AL now owns 726,014 shares of the company’s stock valued at $9,801,000 after buying an additional 16,416 shares during the last quarter. Legal & General Group Plc boosted its position in News Corporation by 5.0% in the first quarter. Legal & General Group Plc now owns 653,944 shares of the company’s stock valued at $8,829,000 after buying an additional 31,331 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in News Corporation by 12.0% in the first quarter. Principal Financial Group Inc. now owns 183,153 shares of the company’s stock valued at $2,473,000 after buying an additional 19,587 shares during the last quarter. 9.95% of the stock is owned by hedge funds and other institutional investors.

Shares of News Corporation (NASDAQ:NWS) remained flat at $14.00 during mid-day trading on Friday. 77,453 shares of the company were exchanged. The stock has a 50 day moving average price of $14.26 and a 200-day moving average price of $13.47. News Corporation has a one year low of $11.25 and a one year high of $15.22. The company’s market capitalization is $8.15 billion.

News Corporation (NASDAQ:NWS) last posted its quarterly earnings results on Thursday, August 10th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. News Corporation had a negative net margin of 2.64% and a positive return on equity of 1.77%. The company had revenue of $2.08 billion during the quarter. On average, analysts forecast that News Corporation will post $1.39 earnings per share for the current year.

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NWS has been the subject of several research reports. BidaskClub cut shares of News Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Citigroup Inc. raised shares of News Corporation from a “neutral” rating to a “buy” rating in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold”.

About News Corporation

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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Institutional Ownership by Quarter for News Corporation (NASDAQ:NWS)

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