Twin Tree Management LP Sells 39,954 Shares of News Corporation $NWSA

Twin Tree Management LP decreased its position in shares of News Corporation (NASDAQ:NWSA) by 94.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,430 shares of the company’s stock after selling 39,954 shares during the quarter. Twin Tree Management LP’s holdings in News were worth $63,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NWSA. Norges Bank bought a new position in News in the fourth quarter valued at approximately $188,788,000. AQR Capital Management LLC lifted its stake in News by 488.0% in the second 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 in the last quarter. State Street Corp lifted its stake in News by 16.5% in the third quarter. State Street Corp now owns 31,356,593 shares of the company’s stock valued at $965,673,000 after buying an additional 4,448,929 shares in the last quarter. Barclays PLC lifted its stake in News by 39.5% in the third quarter. Barclays PLC now owns 14,875,615 shares of the company’s stock valued at $456,830,000 after buying an additional 4,214,562 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in News by 46.6% during the third quarter. Invesco Ltd. now owns 7,706,339 shares of the company’s stock worth $236,662,000 after buying an additional 2,449,552 shares during the last quarter. Institutional investors own 66.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NWSA shares. Wall Street Zen upgraded shares of News from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings upgraded shares of News from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Citigroup lowered their target price on shares of News from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Morgan Stanley restated an “overweight” rating and set a $34.00 target price on shares of News in a report on Sunday, May 10th. Finally, Zacks Research upgraded shares of News from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, News presently has an average rating of “Moderate Buy” and a consensus price target of $37.14.

News Price Performance

NASDAQ:NWSA opened at $27.20 on Wednesday. News Corporation has a one year low of $22.20 and a one year high of $31.61. The company has a market cap of $14.89 billion, a P/E ratio of 13.53 and a beta of 0.88. The firm’s fifty day moving average price is $25.95 and its two-hundred day moving average price is $25.44. 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 (NASDAQ:NWSA) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.16 by $0.05. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.11 billion. News had a net margin of 12.92% and a return on equity of 6.12%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.17 earnings per share. Equities analysts expect that News Corporation will post 0.92 earnings per share for the current 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.