Thompson Siegel & Walmsley LLC Lowers Holdings in News Corporation $NWSA

Thompson Siegel & Walmsley LLC lowered its holdings in News Corporation (NASDAQ:NWSA) by 1.9% in the fourth quarter, HoldingsChannel reports. The firm owned 1,722,782 shares of the company’s stock after selling 33,906 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in News were worth $44,999,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of News by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,556 shares of the company’s stock worth $1,022,000 after acquiring an additional 1,950 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of News in the first quarter valued at $206,000. Empowered Funds LLC purchased a new position in News in the first quarter valued at $204,000. Focus Partners Wealth grew its stake in News by 44.4% during the 1st quarter. Focus Partners Wealth now owns 16,618 shares of the company’s stock worth $452,000 after purchasing an additional 5,106 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in News during the 2nd quarter worth about $545,000. 66.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Weiss Ratings upgraded News from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Citigroup reduced their target price on shares of News from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Zacks Research upgraded shares of News from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 5th. Wall Street Zen upgraded shares of News from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Morgan Stanley restated an “overweight” rating and issued a $34.00 price objective on shares of News in a report on Sunday, May 10th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, News has an average rating of “Moderate Buy” and a consensus target price of $37.14.

News Stock Performance

Shares of NWSA opened at $26.10 on Monday. The company has a market capitalization of $14.29 billion, a price-to-earnings ratio of 12.99 and a beta of 0.88. News Corporation has a 52-week low of $22.20 and a 52-week high of $31.61. 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 $25.57 and a 200 day moving average price of $25.40.

News (NASDAQ:NWSA) last issued its earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.05. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.11 billion. News had a net margin of 12.92% and a return on equity of 6.12%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.17 EPS. Research analysts predict that News Corporation will post 0.92 EPS for the current fiscal year.

About News

News Corporation (NASDAQ: NWSA) is a global diversified media and information services company headquartered in New York City. It operates through two principal segments: News and Information Services, and Digital Real Estate Services. The company’s news and information division oversees a portfolio of leading newspapers, magazines and digital platforms, offering content across print and online channels. Its properties include Dow Jones, publisher of The Wall Street Journal and Barron’s, News UK titles such as The Times and The Sun, as well as News Corp Australia mastheads.

In addition to its journalism assets, News Corp is a significant player in book publishing through HarperCollins, one of the world’s largest consumer publishers.