Universal Beteiligungs und Servicegesellschaft mbH Sells 56,579 Shares of News Corporation $NWSA

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in News Corporation (NASDAQ:NWSA) by 24.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 174,115 shares of the company’s stock after selling 56,579 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in News were worth $5,347,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NWSA. Public Employees Retirement System of Ohio boosted its position in shares of News by 0.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 126,293 shares of the company’s stock worth $3,753,000 after purchasing an additional 344 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in News by 0.9% in the third quarter. Pacer Advisors Inc. now owns 42,496 shares of the company’s stock worth $1,305,000 after acquiring an additional 395 shares in the last quarter. Dynamic Advisor Solutions LLC grew its stake in shares of News by 2.9% during the third quarter. Dynamic Advisor Solutions LLC now owns 14,276 shares of the company’s stock worth $438,000 after acquiring an additional 407 shares during the last quarter. Amalgamated Bank increased its holdings in shares of News by 0.6% during the second quarter. Amalgamated Bank now owns 74,022 shares of the company’s stock valued at $2,200,000 after acquiring an additional 445 shares in the last quarter. Finally, Kaufman Rossin Wealth LLC increased its holdings in shares of News by 4.3% during the third quarter. Kaufman Rossin Wealth LLC now owns 11,161 shares of the company’s stock valued at $343,000 after acquiring an additional 465 shares in the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on NWSA shares. Weiss Ratings downgraded shares of News from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Zacks Research raised shares of News from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. JPMorgan Chase & Co. reduced their target price on News from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th. Finally, Guggenheim lowered their price target on News from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, News currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.68.

News Stock Up 0.3%

NASDAQ:NWSA opened at $26.90 on Tuesday. The firm has a market capitalization of $15.10 billion, a P/E ratio of 13.00 and a beta of 0.97. The company’s fifty day moving average price is $26.06 and its 200-day moving average price is $27.65. News Corporation has a 1-year low of $23.38 and a 1-year high of $31.61. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.76 and a quick ratio of 1.63.

News (NASDAQ:NWSA) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.11 billion. News had a net margin of 13.80% and a return on equity of 5.68%. The firm’s revenue was down 16.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.21 earnings per share. As a group, equities research analysts anticipate that News Corporation will post 0.94 EPS 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.