Bank of New York Mellon Corp Cuts Holdings in News Corp (NWS)

Bank of New York Mellon Corp reduced its position in shares of News Corp (NASDAQ:NWS) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 783,168 shares of the company’s stock after selling 7,055 shares during the period. Bank of New York Mellon Corp owned 0.13% of News worth $10,690,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. acquired a new position in shares of News during the 3rd quarter worth $3,716,000. Independent Franchise Partners LLP lifted its stake in shares of News by 21.3% during the 3rd quarter. Independent Franchise Partners LLP now owns 1,452,147 shares of the company’s stock worth $19,821,000 after acquiring an additional 254,561 shares during the last quarter. Dimensional Fund Advisors LP raised its position in News by 4.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,569,343 shares of the company’s stock valued at $22,206,000 after purchasing an additional 70,484 shares in the last quarter. SG Americas Securities LLC raised its position in News by 117.9% during the 2nd quarter. SG Americas Securities LLC now owns 115,344 shares of the company’s stock valued at $1,632,000 after purchasing an additional 62,401 shares in the last quarter. Finally, First Quadrant L P CA raised its position in News by 16.4% during the 3rd quarter. First Quadrant L P CA now owns 366,601 shares of the company’s stock valued at $5,004,000 after purchasing an additional 51,694 shares in the last quarter. Institutional investors own 9.49% of the company’s stock.

In related news, CFO Kevin Halpin sold 2,468 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $16.66, for a total value of $41,116.88. Following the completion of the transaction, the chief financial officer now owns 10,000 shares of the company’s stock, valued at approximately $166,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 24,855 shares of company stock valued at $385,752 in the last ninety days. 39.40% of the stock is currently owned by insiders.

A number of equities research analysts have weighed in on the company. BidaskClub lowered News from a “hold” rating to a “sell” rating in a research report on Friday, September 15th. TheStreet raised News from a “c+” rating to a “b-” rating in a report on Wednesday, November 29th.

News Corp (NWS) opened at $16.80 on Monday. The firm has a market capitalization of $9,730.00, a PE ratio of -14.87 and a beta of 1.91. News Corp has a fifty-two week low of $11.75 and a fifty-two week high of $17.05. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.03.

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News 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.

Institutional Ownership by Quarter for News (NASDAQ:NWS)

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