News Corporation $NWS Shares Bought by Metropolis Capital Ltd

Metropolis Capital Ltd increased its position in News Corporation (NASDAQ:NWS) by 11.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 766,116 shares of the company’s stock after buying an additional 81,387 shares during the period. News comprises 0.8% of Metropolis Capital Ltd’s portfolio, making the stock its 15th largest holding. Metropolis Capital Ltd owned approximately 0.14% of News worth $26,469,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. NorthRock Partners LLC purchased a new stake in News in the 2nd quarter worth approximately $27,000. NewEdge Advisors LLC purchased a new stake in shares of News in the second quarter valued at $30,000. Assetmark Inc. increased its stake in News by 572.8% in the second quarter. Assetmark Inc. now owns 1,803 shares of the company’s stock valued at $62,000 after purchasing an additional 1,535 shares during the last quarter. Mufg Securities Americas Inc. lifted its position in News by 24.9% during the second quarter. Mufg Securities Americas Inc. now owns 2,470 shares of the company’s stock worth $85,000 after buying an additional 493 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in News by 226.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,907 shares of the company’s stock worth $100,000 after buying an additional 2,016 shares during the last quarter. Institutional investors and hedge funds own 14.63% of the company’s stock.

Analyst Ratings Changes

NWS has been the topic of several recent analyst reports. Zacks Research upgraded shares of News from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of News in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, News presently has a consensus rating of “Buy”.

News Price Performance

News stock opened at $29.80 on Tuesday. The firm has a fifty day moving average of $29.61 and a 200-day moving average of $31.92. News Corporation has a 52-week low of $26.25 and a 52-week high of $35.58. The company has a quick ratio of 1.63, a current ratio of 1.76 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $16.73 billion, a P/E ratio of 14.40 and a beta of 0.94.

News (NASDAQ:NWS) last posted its earnings results on Thursday, November 6th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.06. News had a net margin of 13.80% and a return on equity of 5.68%. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.11 billion. As a group, analysts predict that News Corporation will post 1.03 EPS for the current year.

News 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.