Teza Capital Management LLC Sells 36,365 Shares of News Co. (NASDAQ:NWSA)

Teza Capital Management LLC decreased its position in shares of News Co. (NASDAQ:NWSA) by 79.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,180 shares of the company’s stock after selling 36,365 shares during the period. Teza Capital Management LLC’s holdings in News were worth $253,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of NWSA. Barclays PLC grew its position in News by 124.0% during the third quarter. Barclays PLC now owns 14,713,823 shares of the company’s stock valued at $391,832,000 after acquiring an additional 8,144,856 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in News by 204.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 344,043 shares of the company’s stock worth $9,447,000 after purchasing an additional 231,056 shares during the period. Asset Management One Co. Ltd. lifted its stake in News by 0.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 151,693 shares of the company’s stock worth $4,216,000 after purchasing an additional 820 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in News by 35.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,289 shares of the company’s stock valued at $1,064,000 after buying an additional 9,981 shares during the period. Finally, Savant Capital LLC increased its holdings in shares of News by 9.6% in the fourth quarter. Savant Capital LLC now owns 16,076 shares of the company’s stock worth $443,000 after buying an additional 1,411 shares during the period. 66.97% of the stock is currently owned by institutional investors.

News Stock Performance

News stock opened at $28.33 on Wednesday. News Co. has a 52-week low of $23.38 and a 52-week high of $30.69. The company 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 quick ratio of 1.65, a current ratio of 1.73 and a debt-to-equity ratio of 0.22. The business has a 50-day simple moving average of $26.84 and a two-hundred day simple moving average of $27.89.

News (NASDAQ:NWSA) last announced 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 company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2 billion. News had a return on equity of 5.31% and a net margin of 4.22%. News’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 earnings per share. Analysts predict that News Co. will post 0.94 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NWSA shares. UBS Group upgraded News from a “neutral” rating to a “buy” rating in a report on Tuesday, February 4th. StockNews.com raised News from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. Seaport Res Ptn raised shares of News to a “strong-buy” rating in a research note on Friday, January 31st. Guggenheim reissued a “buy” rating and set a $45.00 price target on shares of News in a research report on Thursday, May 15th. Finally, Morgan Stanley decreased their price objective 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 analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $39.20.

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.