News Corp (NWSA) Stock: International Value Advisers Lowers Its Class B Stake

Published on October 14, 2016 at 9:14 am by Insider Monkey Staff in Hedge Funds,News

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Charles De Vaulx‘s International Value Advisors recently filed an amended Form 13G with the SEC in which it reported lowering its stake in News Corp (NASDAQ:NWSA) to 8.64 million Class B Common Shares, which account for 4.32% of the company’s outstanding stock. According to its 13F filing for the end of June, International Value Advisors held 14.08 million Class B Common Shares and 20.2 million Class A Shares.

News Corporation is a global mass media company which distributes various content, and which runs five divisions: Cable Network Programming, News and Information Services, Digital Real Estate Services, Book Publishing, and Other. The company’s stock is up by 1.35% year-to-date. For the fourth quarter of its fiscal year 2016, News Corporation reported earnings per share of $0.16 and revenue of $2.2 billion, compared to EPS of $0.01 and revenue of $2.1 billion for the same quarter of its fiscal 2015.

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According to Insider Monkey’s hedge fund database, 35 investors were bullish on News Corp (NASDAQ:NWSA) at the end of June, up by one from the previous quarter. Some of the investors that reported long positions in the company included Richard S. Pzena’s Pzena Investment Management, which held a position worth $374.29 million, Natixis Global Asset Management’s Harris Associates, with a position valued at $212.70 million, Andrew Feldstein and Stephen Siderow’s Blue Mountain Capital, Jim Simons’ Renaissance Technologies, and Adam Fox and Samuel Elder’s Altalis Capital Partners.

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name	Sole Voting Power	Shared Voting Power	Sole Dispositive Power	Shared Dispositive Power	Aggregate Amount Owned Power	Percent of Class
International Value Advisers				0	8,635,507	4.32%

Charles De Vaulx

International Value Advisers

Page 1 of 5 – SEC Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

News Corp – Class B

(Name of Issuer)

Common
Stock

(Title of Class of Securities)

65249B208

(CUSIP Number)

September 30, 2016

(Date
of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☒
Rule 13d-1(b)

☐
Rule 13d-1(c)

☐
Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting persons initial filing on
this form with respect to the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided in
a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be filed for
the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to
the liabilities of that section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).