UBS Group AG Trims Position in News Corporation $NWS

UBS Group AG trimmed its holdings in shares of News Corporation (NASDAQ:NWS) by 59.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 429,791 shares of the company’s stock after selling 617,735 shares during the period. UBS Group AG’s holdings in News were worth $12,735,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. NewEdge Advisors LLC purchased a new position in shares of News during the second quarter worth $30,000. Smartleaf Asset Management LLC boosted its holdings in News by 97.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,178 shares of the company’s stock valued at $41,000 after purchasing an additional 580 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in News during the 4th quarter worth about $68,000. Danske Bank A S purchased a new position in shares of News during the 3rd quarter valued at about $97,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of News by 226.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,907 shares of the company’s stock valued at $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

A number of brokerages have recently commented on NWS. Zacks Research downgraded News from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Weiss Ratings downgraded News from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, News currently has an average rating of “Hold”.

News Stock Performance

NASDAQ:NWS opened at $30.08 on Friday. The company has a market cap of $16.71 billion, a P/E ratio of 14.97 and a beta of 0.89. News Corporation has a twelve month low of $25.49 and a twelve month high of $35.58. The company’s 50-day moving average price is $28.76 and its 200-day moving average price is $28.99. The company has a current ratio of 1.70, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21.

News (NASDAQ:NWS) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.07. News had a net margin of 12.92% and a return on equity of 6.12%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.12 billion. On average, sell-side analysts forecast that News Corporation will post 0.96 earnings per share for the current fiscal 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.