GSA Capital Partners LLP grew its holdings in shares of News Corp (NASDAQ:NWSA) by 357.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,257 shares of the company’s stock after purchasing an additional 86,171 shares during the quarter. GSA Capital Partners LLP’s holdings in News were worth $1,454,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the company. Seven Eight Capital LP acquired a new position in News in the 3rd quarter valued at $449,000. Putnam Investments LLC grew its stake in News by 4.9% in the 2nd quarter. Putnam Investments LLC now owns 428,548 shares of the company’s stock valued at $6,643,000 after buying an additional 20,006 shares during the last quarter. Dupont Capital Management Corp grew its stake in News by 1,603.7% in the 3rd quarter. Dupont Capital Management Corp now owns 136,025 shares of the company’s stock valued at $1,794,000 after buying an additional 128,041 shares during the last quarter. Tredje AP fonden grew its stake in News by 28.2% in the 2nd quarter. Tredje AP fonden now owns 237,979 shares of the company’s stock valued at $3,689,000 after buying an additional 52,299 shares during the last quarter. Finally, Boyar Asset Management Inc. acquired a new position in News in the 3rd quarter valued at $216,000. Institutional investors and hedge funds own 61.87% of the company’s stock.
NASDAQ NWSA opened at $12.36 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 22.67, a P/E/G ratio of 4.79 and a beta of 1.60. News Corp has a 52-week low of $12.23 and a 52-week high of $17.29.
News (NASDAQ:NWSA) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.12. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.53 billion. News had a negative net margin of 15.61% and a positive return on equity of 2.99%. The business’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period last year, the business posted $0.07 EPS. Research analysts forecast that News Corp will post 0.38 EPS for the current fiscal year.
A number of research firms recently issued reports on NWSA. Zacks Investment Research upgraded shares of News from a “sell” rating to a “hold” rating in a research note on Wednesday, November 14th. Goldman Sachs Group upgraded shares of News from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 9th. ValuEngine upgraded shares of News from a “sell” rating to a “hold” rating in a research note on Friday, September 28th. Loop Capital upgraded shares of News from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Tuesday, September 4th. Finally, UBS Group upgraded shares of News from a “sell” rating to a “neutral” rating in a research note on Wednesday, August 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. News presently has an average rating of “Hold” and a consensus price target of $15.50.
News Company Profile
News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.
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