News Corporation $NWS Shares Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. raised its holdings in shares of News Corporation (NASDAQ:NWS) by 28.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 307,417 shares of the company’s stock after purchasing an additional 68,752 shares during the period. Jefferies Financial Group Inc.’s holdings in News were worth $9,109,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of News by 14.1% during the third quarter. JPMorgan Chase & Co. now owns 661,412 shares of the company’s stock worth $22,852,000 after purchasing an additional 81,986 shares in the last quarter. Monashee Investment Management LLC acquired a new position in shares of News during the third quarter worth $4,146,000. Regal Partners Ltd increased its position in shares of News by 218.8% during the third quarter. Regal Partners Ltd now owns 199,015 shares of the company’s stock worth $6,876,000 after purchasing an additional 136,590 shares in the last quarter. Ghisallo Capital Management LLC purchased a new stake in shares of News during the third quarter valued at $4,358,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of News by 10.7% during the third quarter. Envestnet Asset Management Inc. now owns 267,335 shares of the company’s stock valued at $9,236,000 after buying an additional 25,744 shares during the last quarter. 14.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NWS. Zacks Research lowered shares of News from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Weiss Ratings lowered shares of News from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

News Price Performance

Shares of NWS opened at $29.68 on Monday. The firm has a market capitalization of $16.25 billion, a PE ratio of 14.77 and a beta of 0.89. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.70 and a quick ratio of 1.59. News Corporation has a 1-year low of $25.49 and a 1-year high of $35.58. The company’s fifty day moving average price is $29.07 and its 200-day moving average price is $28.96.

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