KCS Wealth Advisory Invests $486,000 in News Corp (NWS) Stock

KCS Wealth Advisory acquired a new position in shares of News Corp (NASDAQ:NWS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 29,281 shares of the company’s stock, valued at approximately $486,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NWS. Assenagon Asset Management S.A. purchased a new position in News during the 3rd quarter worth $3,716,000. Independent Franchise Partners LLP boosted its holdings in 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 boosted its holdings in News by 4.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,569,343 shares of the company’s stock worth $22,206,000 after acquiring an additional 70,484 shares during the last quarter. K2 Principal Fund L.P. boosted its holdings in News by 434.6% during the 3rd quarter. K2 Principal Fund L.P. now owns 76,981 shares of the company’s stock worth $1,051,000 after acquiring an additional 62,581 shares during the last quarter. Finally, First Quadrant L P CA boosted its holdings in News by 16.4% during the 3rd quarter. First Quadrant L P CA now owns 366,601 shares of the company’s stock worth $5,004,000 after acquiring an additional 51,694 shares during the last quarter. 9.49% of the stock is currently owned by hedge funds and other institutional investors.

News Corp (NASDAQ:NWS) opened at $17.55 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.03. The firm has a market cap of $10,195.87, a PE ratio of 39.77 and a beta of 1.95. News Corp has a fifty-two week low of $12.30 and a fifty-two week high of $17.60.

A number of equities analysts have issued reports on the stock. BidaskClub raised shares of News from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. TheStreet raised shares of News from a “c+” rating to a “b-” rating in a report on Wednesday, November 29th.

In related news, CFO Kevin Halpin sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $14.50, for a total value of $72,500.00. Following the transaction, the chief financial officer now directly owns 29,855 shares of the company’s stock, valued at approximately $432,897.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 24,855 shares of company stock worth $385,752 over the last three months. 39.40% of the stock is owned by insiders.

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About News

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 (NASDAQ:NWS)

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