iSAM Funds UK Ltd Acquires New Position in News Co. (NASDAQ:NWSA)

iSAM Funds UK Ltd acquired a new stake in shares of News Co. (NASDAQ:NWSA) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,852 shares of the company’s stock, valued at approximately $354,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NWSA. Larson Financial Group LLC raised its holdings in shares of News by 2,392.9% in the 4th quarter. Larson Financial Group LLC now owns 1,047 shares of the company’s stock valued at $29,000 after purchasing an additional 1,005 shares in the last quarter. Optiver Holding B.V. bought a new stake in shares of News in the 4th quarter valued at about $31,000. Lee Danner & Bass Inc. bought a new stake in shares of News in the 4th quarter valued at about $36,000. R Squared Ltd bought a new position in shares of News during the 4th quarter worth approximately $49,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of News by 49.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,989 shares of the company’s stock worth $55,000 after acquiring an additional 660 shares in the last quarter. Institutional investors own 66.97% of the company’s stock.

News Stock Performance

NASDAQ:NWSA opened at $28.33 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.73. The company has a fifty day moving average of $26.84 and a two-hundred day moving average of $27.89. The stock has a market capitalization of $16.04 billion, a PE ratio of 38.81 and a beta of 1.30. News Co. has a fifty-two week low of $23.38 and a fifty-two week high of $30.69.

News (NASDAQ:NWSA) last issued its earnings results on Thursday, May 8th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2 billion. News had a net margin of 4.22% and a return on equity of 5.31%. News’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the company earned $0.13 earnings per share. As a group, research analysts forecast that News Co. will post 0.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NWSA has been the topic of several research analyst reports. StockNews.com raised shares of News from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Seaport Res Ptn raised shares of News to a “strong-buy” rating in a research report on Friday, January 31st. UBS Group raised shares of News from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 4th. Guggenheim reissued a “buy” rating and set a $45.00 target price on shares of News in a research report on Thursday, May 15th. Finally, Morgan Stanley dropped their target price on shares of News from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $39.20.

About News

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.