L1 Capital Pty Ltd grew its holdings in News Corporation (NASDAQ:NWS – Free Report) by 26.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,273,704 shares of the company’s stock after purchasing an additional 886,156 shares during the period. News comprises 6.6% of L1 Capital Pty Ltd’s portfolio, making the stock its 5th largest holding. L1 Capital Pty Ltd owned about 0.76% of News worth $126,630,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of News by 37.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 202,444 shares of the company’s stock valued at $5,998,000 after purchasing an additional 55,488 shares during the period. Wells Fargo & Company MN increased its holdings in shares of News by 1,303.9% in the 4th quarter. Wells Fargo & Company MN now owns 59,190 shares of the company’s stock valued at $1,754,000 after purchasing an additional 54,974 shares during the period. Federation des caisses Desjardins du Quebec increased its holdings in shares of News by 30.2% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 8,917 shares of the company’s stock valued at $264,000 after purchasing an additional 2,066 shares during the period. Jane Street Group LLC increased its holdings in shares of News by 228.7% in the 4th quarter. Jane Street Group LLC now owns 65,274 shares of the company’s stock valued at $1,934,000 after purchasing an additional 45,413 shares during the period. Finally, HRT Financial LP increased its holdings in shares of News by 387.2% in the 4th quarter. HRT Financial LP now owns 429,833 shares of the company’s stock valued at $12,735,000 after purchasing an additional 341,604 shares during the period. Institutional investors and hedge funds own 14.63% of the company’s stock.
Analysts Set New Price Targets
NWS has been the topic of a number of research reports. Weiss Ratings upgraded News from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Zacks Research downgraded News from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, News has a consensus rating of “Moderate Buy”.
News Stock Down 2.9%
Shares of News stock opened at $29.26 on Friday. The stock has a market capitalization of $16.02 billion, a P/E ratio of 14.56 and a beta of 0.87. The company has a quick ratio of 1.59, a current ratio of 1.70 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average price of $29.93 and a two-hundred day moving average price of $29.07. News Corporation has a 12-month low of $25.49 and a 12-month high of $35.58.
News (NASDAQ:NWS – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.12 billion. News had a return on equity of 6.12% and a net margin of 12.92%. Equities analysts expect that News Corporation will post 0.96 earnings per share for the current year.
News Company 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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