Metropolis Capital Ltd raised its stake in shares of News Corporation (NASDAQ:NWS – Free Report) by 18.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,035,141 shares of the company’s stock after purchasing an additional 163,356 shares during the quarter. News accounts for about 1.0% of Metropolis Capital Ltd’s investment portfolio, making the stock its 15th biggest position. Metropolis Capital Ltd owned about 0.19% of News worth $29,512,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in NWS. NewEdge Advisors LLC acquired a new stake in News during the second quarter worth about $30,000. ExodusPoint Capital Management LP acquired a new position in News in the 4th quarter valued at approximately $37,000. Arax Advisory Partners bought a new stake in shares of News in the 4th quarter worth approximately $47,000. Resona Asset Management Co. Ltd. grew its holdings in shares of News by 69.0% during the 4th quarter. Resona Asset Management Co. Ltd. now owns 1,629 shares of the company’s stock worth $49,000 after purchasing an additional 665 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of News by 74.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,056 shares of the company’s stock worth $62,000 after purchasing an additional 878 shares in the last quarter. Institutional investors and hedge funds own 14.63% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts recently commented on NWS shares. Weiss Ratings lowered News from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Zacks Research downgraded shares of News from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, News has a consensus rating of “Hold”.
News Price Performance
Shares of NWS stock opened at $28.73 on Friday. The stock’s fifty day simple moving average is $29.99 and its 200 day simple moving average is $29.04. News Corporation has a one year low of $25.49 and a one year high of $35.58. The firm has a market cap of $15.73 billion, a price-to-earnings ratio of 14.29 and a beta of 0.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.70 and a quick ratio of 1.59.
News (NASDAQ:NWS – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.07. News had a return on equity of 6.12% and a net margin of 12.92%.The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.12 billion. On average, analysts expect that News Corporation will post 0.96 earnings per share for the current fiscal 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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