Entropy Technologies LP Has $3.62 Million Holdings in News Corporation $NWSA

Entropy Technologies LP lifted its holdings in News Corporation (NASDAQ:NWSA) by 456.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 138,475 shares of the company’s stock after purchasing an additional 113,602 shares during the period. Entropy Technologies LP’s holdings in News were worth $3,617,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Merit Financial Group LLC lifted its stake in shares of News by 1.3% in the 3rd quarter. Merit Financial Group LLC now owns 36,568 shares of the company’s stock valued at $1,123,000 after purchasing an additional 481 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of News by 23.2% in the 4th quarter. Farther Finance Advisors LLC now owns 2,648 shares of the company’s stock valued at $69,000 after purchasing an additional 498 shares during the last quarter. Coldstream Capital Management Inc. lifted its position in News by 5.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 10,139 shares of the company’s stock worth $311,000 after acquiring an additional 563 shares during the last quarter. Handelsbanken Fonder AB lifted its position in News by 0.4% during the 4th quarter. Handelsbanken Fonder AB now owns 151,100 shares of the company’s stock worth $3,947,000 after acquiring an additional 600 shares during the last quarter. Finally, Patton Fund Management Inc. lifted its position in News by 7.8% during the 4th quarter. Patton Fund Management Inc. now owns 8,753 shares of the company’s stock worth $229,000 after acquiring an additional 634 shares during the last quarter. Institutional investors and hedge funds own 66.97% of the company’s stock.

News Stock Performance

NASDAQ:NWSA opened at $25.68 on Monday. The firm’s 50-day moving average is $26.04 and its 200-day moving average is $25.46. News Corporation has a 52-week low of $22.20 and a 52-week high of $31.61. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.59 and a current ratio of 1.70. The company has a market cap of $14.06 billion, a price-to-earnings ratio of 12.78 and a beta of 0.88.

News (NASDAQ:NWSA) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.05. News had a net margin of 12.92% and a return on equity of 6.12%. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the firm posted $0.17 EPS. The business’s revenue was up 8.8% compared to the same quarter last year. Equities research analysts anticipate that News Corporation will post 0.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NWSA. Morgan Stanley reissued an “overweight” rating and set a $34.00 target price on shares of News in a research report on Sunday, May 10th. Citigroup cut their target price on shares of News from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Weiss Ratings raised shares of News from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Zacks Research raised shares of News from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. Finally, Wall Street Zen raised shares of News from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.14.

News Profile

News Corporation (NASDAQ: NWSA) is a global diversified media and information services company headquartered in New York City. It operates through two principal segments: News and Information Services, and Digital Real Estate Services. The company’s news and information division oversees a portfolio of leading newspapers, magazines and digital platforms, offering content across print and online channels. Its properties include Dow Jones, publisher of The Wall Street Journal and Barron’s, News UK titles such as The Times and The Sun, as well as News Corp Australia mastheads.

In addition to its journalism assets, News Corp is a significant player in book publishing through HarperCollins, one of the world’s largest consumer publishers.