PharVision Advisers LLC Takes Position in News Co. (NASDAQ:NWSA)

PharVision Advisers LLC acquired a new stake in News Co. (NASDAQ:NWSA) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 13,131 shares of the company’s stock, valued at approximately $362,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Larson Financial Group LLC boosted its position in News by 2,392.9% during the fourth 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 during the last quarter. Optiver Holding B.V. acquired a new stake in shares of News in the 4th quarter valued at approximately $31,000. Lee Danner & Bass Inc. bought a new position in shares of News in the fourth quarter valued at $36,000. R Squared Ltd acquired a new position in News during the fourth quarter worth $49,000. Finally, Smartleaf Asset Management LLC raised its position in News by 49.7% during the fourth 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 and hedge funds own 66.97% of the company’s stock.

News Price Performance

Shares of NWSA opened at $28.33 on Wednesday. The firm has a market cap of $16.04 billion, a P/E ratio of 38.81 and a beta of 1.30. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.73. News Co. has a 52 week low of $23.38 and a 52 week high of $30.69. The firm’s 50-day simple moving average is $26.84 and its 200 day simple moving average is $27.89.

News (NASDAQ:NWSA) last posted its earnings results on Thursday, May 8th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). The firm 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 revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 EPS. On average, analysts forecast that News Co. will post 0.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on NWSA shares. Guggenheim reissued a “buy” rating and issued a $45.00 price objective on shares of News in a research report on Thursday, May 15th. Seaport Res Ptn raised News to a “strong-buy” rating in a research report on Friday, January 31st. StockNews.com upgraded News from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. Morgan Stanley reduced their target price on News from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Finally, UBS Group raised News from a “neutral” rating to a “buy” rating in a report on Tuesday, February 4th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, News currently has an average rating of “Buy” and a consensus 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.