American International Group Inc. reduced its position in shares of News Corporation (NASDAQ:NWS) by 1.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 42,909 shares of the company’s stock after selling 482 shares during the period. American International Group Inc.’s holdings in News Corporation were worth $579,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NWS. Norges Bank purchased a new stake in shares of News Corporation during the fourth quarter worth about $14,029,000. Hartford Investment Management Co. raised its stake in News Corporation by 8.8% in the first quarter. Hartford Investment Management Co. now owns 30,750 shares of the company’s stock worth $415,000 after buying an additional 2,477 shares in the last quarter. State Street Corp raised its position in News Corporation by 6.4% in the fourth quarter. State Street Corp now owns 3,906,545 shares of the company’s stock valued at $46,094,000 after buying an additional 235,185 shares during the period. Comerica Bank raised its position in News Corporation by 2.3% in the fourth quarter. Comerica Bank now owns 29,020 shares of the company’s stock valued at $361,000 after buying an additional 640 shares during the period. Finally, Marshall Wace LLP acquired a new position in News Corporation during the fourth quarter valued at approximately $212,000. Hedge funds and other institutional investors own 9.76% of the company’s stock.

Shares of News Corporation (NWS) traded down 0.34% on Friday, hitting $14.60. 374,219 shares of the stock were exchanged. The firm’s 50-day moving average is $14.16 and its 200-day moving average is $13.39. News Corporation has a one year low of $11.25 and a one year high of $15.22. The company’s market cap is $8.49 billion.

News Corporation (NASDAQ:NWS) last released its quarterly earnings data on Tuesday, May 9th. The company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.03. The firm had revenue of $1.98 billion during the quarter. News Corporation had a negative net margin of 2.64% and a positive return on equity of 1.77%. On average, equities analysts forecast that News Corporation will post $1.39 EPS for the current fiscal year.

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Several research firms have issued reports on NWS. BidaskClub upgraded shares of News Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Citigroup Inc. upgraded shares of News Corporation from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold”.

News Corporation 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 Corporation (NASDAQ:NWS)

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