Catalyst Funds Management Pty Ltd lessened its holdings in News Corporation (NASDAQ:NWS – Free Report) by 43.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 176,261 shares of the company’s stock after selling 133,039 shares during the period. News accounts for approximately 1.2% of Catalyst Funds Management Pty Ltd’s portfolio, making the stock its 9th largest holding. Catalyst Funds Management Pty Ltd’s holdings in News were worth $5,223,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of NWS. NewEdge Advisors LLC acquired a new position in shares of News in the second quarter valued at approximately $30,000. Smartleaf Asset Management LLC raised its position in shares of News by 97.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,178 shares of the company’s stock valued at $41,000 after buying an additional 580 shares during the last quarter. Resona Asset Management Co. Ltd. raised its position in shares of News by 69.0% in the fourth quarter. Resona Asset Management Co. Ltd. now owns 1,629 shares of the company’s stock valued at $49,000 after buying an additional 665 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of News in the fourth quarter valued at approximately $68,000. Finally, Covestor Ltd raised its position in shares of News by 616.8% in the fourth quarter. Covestor Ltd now owns 3,068 shares of the company’s stock valued at $91,000 after buying an additional 2,640 shares during the last quarter. Hedge funds and other institutional investors own 14.63% of the company’s stock.
News Trading Down 1.3%
NASDAQ NWS opened at $29.68 on Friday. News Corporation has a 12 month low of $25.49 and a 12 month high of $35.58. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.70 and a quick ratio of 1.59. The company has a market capitalization of $16.25 billion, a price-to-earnings ratio of 14.77 and a beta of 0.89. The company’s fifty day moving average price is $29.07 and its two-hundred day moving average price is $28.97.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. Weiss Ratings lowered shares of News from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. Zacks Research lowered shares of News from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, News presently has a consensus rating of “Hold”.
Get Our Latest Analysis on News
News Profile
News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.
Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.
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