Yousif Capital Management LLC Acquires 19,207 Shares of News Corporation $NWSA

Yousif Capital Management LLC grew its stake in shares of News Corporation (NASDAQ:NWSA) by 40.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,142 shares of the company’s stock after buying an additional 19,207 shares during the quarter. Yousif Capital Management LLC’s holdings in News were worth $2,062,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of NWSA. Vanguard Group Inc. grew its position in News by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 52,171,790 shares of the company’s stock worth $1,550,546,000 after acquiring an additional 407,293 shares during the last quarter. Independent Franchise Partners LLP boosted its stake in shares of News by 7.3% during the second quarter. Independent Franchise Partners LLP now owns 29,170,531 shares of the company’s stock valued at $866,948,000 after purchasing an additional 1,980,941 shares during the period. 59 North Capital Management LP grew its holdings in shares of News by 13.5% in the second quarter. 59 North Capital Management LP now owns 12,650,867 shares of the company’s stock worth $375,984,000 after purchasing an additional 1,503,213 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of News by 2.1% in the second quarter. Geode Capital Management LLC now owns 10,154,121 shares of the company’s stock worth $300,578,000 after buying an additional 208,692 shares during the period. Finally, AQR Capital Management LLC raised its holdings in News by 488.0% during the 2nd quarter. AQR Capital Management LLC now owns 8,124,507 shares of the company’s stock valued at $241,054,000 after buying an additional 6,742,836 shares during the last quarter. Institutional investors own 66.97% of the company’s stock.

News Stock Performance

Shares of NWSA opened at $26.22 on Monday. The company has a 50-day simple moving average of $26.01 and a two-hundred day simple moving average of $28.02. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.76 and a quick ratio of 1.63. The firm has a market capitalization of $14.72 billion, a PE ratio of 12.67 and a beta of 0.97. News Corporation has a one year low of $23.38 and a one year high of $31.61.

News (NASDAQ:NWSA) last announced its earnings results on Thursday, November 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04. News had a return on equity of 5.68% and a net margin of 13.80%.The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the company earned $0.21 EPS. The business’s revenue was down 16.8% compared to the same quarter last year. On average, analysts anticipate that News Corporation will post 0.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NWSA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of News from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of News in a research note on Monday, December 22nd. Zacks Research lowered News from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 23rd. Finally, Guggenheim dropped their price objective on News from $45.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.34.

News 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.