Wedge Capital Management L L P NC lifted its holdings in shares of News Corp (NASDAQ:NWSA) by 27.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,520 shares of the company’s stock after buying an additional 9,085 shares during the period. Wedge Capital Management L L P NC’s holdings in News were worth $561,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of NWSA. Dupont Capital Management Corp raised its holdings in shares of News by 74.0% during the 2nd quarter. Dupont Capital Management Corp now owns 7,984 shares of the company’s stock worth $124,000 after buying an additional 3,396 shares in the last quarter. Greenleaf Trust acquired a new position in shares of News during the 2nd quarter worth $156,000. Seven Eight Capital LP acquired a new position in shares of News during the 3rd quarter worth $449,000. Oakbrook Investments LLC raised its holdings in shares of News by 96.1% during the 2nd quarter. Oakbrook Investments LLC now owns 41,390 shares of the company’s stock worth $642,000 after buying an additional 20,280 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new position in shares of News during the 2nd quarter worth $818,000. 60.49% of the stock is owned by institutional investors.
Shares of NWSA opened at $14.24 on Friday. News Corp has a 12-month low of $12.23 and a 12-month high of $17.29. The company has a quick ratio of 1.22, a current ratio of 1.33 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $7.83 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 5.16 and a beta of 1.61.
News (NASDAQ:NWSA) last issued its earnings results on Wednesday, November 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.12. News had a positive return on equity of 2.98% and a negative net margin of 15.61%. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the prior year, the firm earned $0.07 EPS. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. As a group, research analysts forecast that News Corp will post 0.38 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on the company. Zacks Investment Research cut News from a “hold” rating to a “sell” rating in a report on Wednesday, October 10th. Goldman Sachs Group raised News from a “neutral” rating to a “buy” rating in a report on Tuesday, October 9th. ValuEngine raised News from a “sell” rating to a “hold” rating in a report on Friday, September 28th. Loop Capital raised News from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Tuesday, September 4th. Finally, UBS Group raised News from a “sell” rating to a “neutral” rating in a report on Wednesday, August 29th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $15.50.
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News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.
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