Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $851,000 Position in News Corporation $NWS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in News Corporation (NASDAQ:NWS) by 190.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,713 shares of the company’s stock after purchasing an additional 18,833 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in News were worth $851,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NWS. Hartford Investment Management Co. grew its holdings in News by 5.4% during the 4th quarter. Hartford Investment Management Co. now owns 7,212 shares of the company’s stock worth $214,000 after acquiring an additional 369 shares during the period. Bessemer Group Inc. grew its holdings in News by 15.5% during the 3rd quarter. Bessemer Group Inc. now owns 3,027 shares of the company’s stock worth $104,000 after acquiring an additional 406 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in News by 2.3% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 19,333 shares of the company’s stock worth $664,000 after acquiring an additional 435 shares during the period. Asset Management One Co. Ltd. grew its holdings in News by 11.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 4,454 shares of the company’s stock worth $133,000 after acquiring an additional 440 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in News by 5.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 10,449 shares of the company’s stock worth $359,000 after acquiring an additional 554 shares during the period. Institutional investors and hedge funds own 14.63% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Zacks Research cut shares of News from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Weiss Ratings raised shares of News from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

News Trading Up 0.1%

Shares of NASDAQ NWS opened at $31.06 on Wednesday. The company’s fifty day moving average is $29.82 and its 200-day moving average is $29.04. The stock has a market cap of $17.00 billion, a price-to-earnings ratio of 15.45 and a beta of 0.87. News Corporation has a twelve month low of $25.49 and a twelve month high of $35.58. The company has a quick ratio of 1.59, a current ratio of 1.70 and a debt-to-equity ratio of 0.21.

News (NASDAQ:NWS) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.12 billion. News had a net margin of 12.92% and a return on equity of 6.12%. Equities research analysts predict that News Corporation will post 0.96 EPS for the current year.

News Company Profile

News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.