GSA Capital Partners LLP Invests $1.30 Million in News Corporation $NWSA

GSA Capital Partners LLP acquired a new stake in News Corporation (NASDAQ:NWSA) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 42,208 shares of the company’s stock, valued at approximately $1,296,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NWSA. Cullen Frost Bankers Inc. acquired a new position in shares of News during the 2nd quarter valued at about $30,000. CYBER HORNET ETFs LLC acquired a new position in News during the second quarter valued at approximately $30,000. Root Financial Partners LLC bought a new position in shares of News in the third quarter valued at approximately $35,000. Rothschild Investment LLC lifted its stake in shares of News by 120.0% in the third quarter. Rothschild Investment LLC now owns 1,749 shares of the company’s stock worth $54,000 after buying an additional 954 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of News by 87.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,396 shares of the company’s stock worth $74,000 after buying an additional 1,121 shares during the period. Institutional investors and hedge funds own 66.97% of the company’s stock.

News Stock Up 0.7%

Shares of NWSA stock opened at $23.35 on Thursday. News Corporation has a one year low of $22.20 and a one year high of $31.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.81 and a quick ratio of 1.69. The stock has a fifty day moving average price of $25.66 and a 200 day moving average price of $27.05. The stock has a market cap of $12.97 billion, a P/E ratio of 11.50 and a beta of 0.99.

News (NASDAQ:NWSA) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.07. News had a net margin of 13.35% and a return on equity of 5.94%. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter in the prior year, the company posted $0.33 EPS. The business’s revenue was up 5.5% on a year-over-year basis. Analysts predict that News Corporation will post 0.94 earnings per share for the current year.

News Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 11th will be paid a $0.10 dividend. This represents a dividend yield of 83.0%. The ex-dividend date is Wednesday, March 11th. News’s dividend payout ratio is currently 9.85%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NWSA shares. Morgan Stanley set a $32.40 target price on shares of News in a report on Friday, February 6th. Citigroup cut their price objective on News from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Monday, February 9th. Zacks Research lowered News from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. dropped their price target on News from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. Finally, Wall Street Zen raised News from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, News presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.02.

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.