Entropy Technologies LP Has $4.07 Million Stock Holdings in News Corporation $NWSA

Entropy Technologies LP boosted its position in shares of News Corporation (NASDAQ:NWSA) by 17.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 163,072 shares of the company’s stock after purchasing an additional 24,597 shares during the quarter. Entropy Technologies LP’s holdings in News were worth $4,065,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NWSA. Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of News by 4.5% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 11,521 shares of the company’s stock valued at $301,000 after buying an additional 496 shares in the last quarter. Farther Finance Advisors LLC increased its stake in News by 23.2% during the 4th quarter. Farther Finance Advisors LLC now owns 2,648 shares of the company’s stock worth $69,000 after purchasing an additional 498 shares in the last quarter. Compound Planning Inc. raised its holdings in News by 5.0% during the 1st quarter. Compound Planning Inc. now owns 11,184 shares of the company’s stock worth $279,000 after buying an additional 537 shares during the period. Coldstream Capital Management Inc. raised its holdings in News by 5.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 10,139 shares of the company’s stock worth $311,000 after buying an additional 563 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in News by 0.4% in the fourth quarter. Handelsbanken Fonder AB now owns 151,100 shares of the company’s stock valued at $3,947,000 after buying an additional 600 shares in the last quarter. Institutional investors own 66.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Zacks Research raised shares of News from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. Morgan Stanley reaffirmed an “overweight” rating and issued a $34.00 price objective on shares of News in a research report on Sunday, May 10th. Wall Street Zen raised shares of News from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Citigroup lowered their target price on News from $39.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Finally, Weiss Ratings upgraded News from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $37.14.

News Price Performance

NASDAQ NWSA opened at $26.76 on Friday. The firm’s 50 day moving average is $26.45 and its 200-day moving average is $25.57. 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 company has a market capitalization of $14.65 billion, a PE ratio of 13.31 and a beta of 0.89. News Corporation has a 12-month low of $22.20 and a 12-month high of $31.61.

News (NASDAQ:NWSA) last announced its earnings results on Thursday, May 7th. The company reported $0.21 EPS for the quarter, topping 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 firm’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.17 earnings per share. Equities research analysts anticipate that News Corporation will post 0.92 earnings per share for the current fiscal year.

News Company Profile

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.