News Corporation $NWSA Stock Position Raised by Marshall Wace LLP

Marshall Wace LLP grew its position in News Corporation (NASDAQ:NWSA) by 1,523.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 741,967 shares of the company’s stock after purchasing an additional 696,265 shares during the period. Marshall Wace LLP’s holdings in News were worth $22,051,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NWSA. Cullen Frost Bankers Inc. purchased a new stake in News in the 2nd quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd increased its position in News by 12,084.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,584 shares of the company’s stock worth $43,000 after purchasing an additional 1,571 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of News during the 1st quarter worth about $73,000. Allworth Financial LP lifted its holdings in shares of News by 160.1% during the 2nd quarter. Allworth Financial LP now owns 3,361 shares of the company’s stock valued at $100,000 after buying an additional 2,069 shares during the last quarter. Finally, True Wealth Design LLC raised its position in News by 661.1% during the second quarter. True Wealth Design LLC now owns 3,448 shares of the company’s stock valued at $102,000 after acquiring an additional 2,995 shares in the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

News Stock Down 1.2%

Shares of NASDAQ:NWSA opened at $25.73 on Tuesday. The company has a market capitalization of $14.45 billion, a PE ratio of 12.43 and a beta of 0.97. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.63 and a current ratio of 1.76. The company has a 50 day moving average price of $26.33 and a two-hundred day moving average price of $28.20. News Corporation has a 52 week low of $23.38 and a 52 week high of $31.61.

News (NASDAQ:NWSA) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.11 billion. News had a net margin of 13.80% and a return on equity of 5.68%. The firm’s revenue was down 16.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 EPS. Analysts forecast that News Corporation will post 0.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NWSA. Weiss Ratings restated a “buy (b)” rating on shares of News in a report on Wednesday, October 8th. Zacks Research downgraded News from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. Guggenheim reduced their target price on News from $45.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Finally, JPMorgan Chase & Co. lowered their price target on News from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, News currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.95.

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.