60,700 Shares in News Corp (NWSA) Acquired by Fox Run Management L.L.C.
Fox Run Management L.L.C. acquired a new position in shares of News Corp (NASDAQ:NWSA) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 60,700 shares of the company’s stock, valued at approximately $984,000.
A number of other hedge funds also recently made changes to their positions in the business. Riverhead Capital Management LLC grew its holdings in News by 0.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 15,319 shares of the company’s stock worth $210,000 after acquiring an additional 46 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in News by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,394 shares of the company’s stock worth $389,000 after acquiring an additional 81 shares in the last quarter. Sentry Investment Management LLC grew its holdings in News by 1.2% during the 2nd quarter. Sentry Investment Management LLC now owns 25,115 shares of the company’s stock worth $344,000 after acquiring an additional 302 shares in the last quarter. State of Tennessee Treasury Department grew its holdings in News by 0.4% during the 2nd quarter. State of Tennessee Treasury Department now owns 104,530 shares of the company’s stock worth $1,432,000 after acquiring an additional 368 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in News by 3.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 21,395 shares of the company’s stock worth $292,000 after acquiring an additional 714 shares in the last quarter. 60.89% of the stock is owned by institutional investors.
News Corp (NASDAQ:NWSA) opened at $17.01 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.56 and a quick ratio of 1.56. News Corp has a 52-week low of $11.88 and a 52-week high of $17.29. The stock has a market cap of $10,026.91, a PE ratio of -15.05, a PEG ratio of 3.51 and a beta of 2.06.
News (NASDAQ:NWSA) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.05. News had a negative net margin of 7.96% and a positive return on equity of 2.27%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the firm posted ($0.01) EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. research analysts anticipate that News Corp will post 0.49 earnings per share for the current year.
Several brokerages have weighed in on NWSA. Zacks Investment Research raised shares of News from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Wednesday, January 10th. TheStreet raised shares of News from a “c+” rating to a “b-” rating in a report on Tuesday, December 5th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $16.20.
News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.
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