Quantbot Technologies LP Has $562,000 Stake in News Corp (NWSA)

Quantbot Technologies LP lessened its holdings in News Corp (NASDAQ:NWSA) by 67.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,609 shares of the company’s stock after selling 89,623 shares during the quarter. Quantbot Technologies LP’s holdings in News were worth $562,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Dupont Capital Management Corp increased its holdings in News by 74.0% in the second quarter. Dupont Capital Management Corp now owns 7,984 shares of the company’s stock valued at $124,000 after buying an additional 3,396 shares during the last quarter. Greenleaf Trust purchased a new position in News in the second quarter valued at $156,000. Cadence Capital Management LLC purchased a new position in News in the third quarter valued at $138,000. Signition LP purchased a new position in News in the third quarter valued at $160,000. Finally, Parametrica Management Ltd purchased a new position in News in the third quarter valued at $184,000. 61.87% of the stock is currently owned by hedge funds and other institutional investors.

NWSA has been the topic of several recent analyst reports. Zacks Investment Research raised News from a “sell” rating to a “hold” rating in a report on Friday, September 14th. UBS Group raised News from a “sell” rating to a “neutral” rating in a report on Wednesday, August 29th. ValuEngine lowered News from a “hold” rating to a “sell” rating in a report on Friday, September 7th. Goldman Sachs Group raised News from a “neutral” rating to a “buy” rating in a report on Tuesday, October 9th. Finally, Morgan Stanley lowered News from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $17.00 to $12.50 in a report on Monday, August 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $15.50.

NASDAQ:NWSA opened at $12.36 on Friday. The firm has a market capitalization of $7.29 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 4.79 and a beta of 1.60. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.15 and a current ratio of 1.26. News Corp has a 12 month low of $12.23 and a 12 month high of $17.29.

News (NASDAQ:NWSA) last issued its quarterly earnings data 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 positive return on equity of 2.99% and a negative net margin of 15.61%. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 earnings per share. Analysts predict that News Corp will post 0.38 EPS for the current fiscal year.

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News 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.

Further Reading: Investing in Growth Stocks

Institutional Ownership by Quarter for News (NASDAQ:NWSA)

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