News Corporation $NWSA Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of News Corporation (NASDAQ:NWSA) by 5.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,407 shares of the company’s stock after acquiring an additional 6,055 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in News were worth $3,400,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Nuveen LLC acquired a new position in shares of News in the 1st quarter valued at $85,213,000. 59 North Capital Management LP lifted its stake in News by 24.4% during the first quarter. 59 North Capital Management LP now owns 11,147,654 shares of the company’s stock valued at $303,439,000 after buying an additional 2,185,542 shares in the last quarter. Dodge & Cox boosted its holdings in shares of News by 18.7% in the first quarter. Dodge & Cox now owns 13,846,298 shares of the company’s stock worth $376,896,000 after buying an additional 2,183,613 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of News by 1,025.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,904,943 shares of the company’s stock worth $56,615,000 after acquiring an additional 1,735,668 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of News by 1,036.1% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,404,218 shares of the company’s stock valued at $41,723,000 after acquiring an additional 1,280,616 shares during the period. 66.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on NWSA shares. Guggenheim decreased their price objective on shares of News from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Zacks Research downgraded News from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. Macquarie reissued a “neutral” rating and set a $32.70 price target on shares of News in a research report on Wednesday, August 6th. JPMorgan Chase & Co. raised their price objective on News from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of News in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, News has a consensus rating of “Moderate Buy” and an average price target of $38.28.

News Price Performance

Shares of NASDAQ:NWSA opened at $24.97 on Thursday. The firm has a market cap of $14.02 billion, a price-to-earnings ratio of 12.06 and a beta of 1.15. News Corporation has a 1 year low of $23.38 and a 1 year high of $31.61. The company has a current ratio of 1.76, a quick ratio of 1.63 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $27.55 and a 200 day simple moving average of $28.44.

News (NASDAQ:NWSA) last issued its earnings results on Thursday, November 6th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. News had a return on equity of 5.68% and a net margin of 13.80%.The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period in the prior year, the firm posted $0.21 EPS. The business’s revenue was down 16.8% compared to the same quarter last year. As a group, sell-side analysts predict that News Corporation will post 0.94 earnings per share for the current fiscal year.

News Company Profile

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.