News Corporation $NWSA Stock Position Increased by Northern Right Capital Management L.P.

Northern Right Capital Management L.P. raised its stake in shares of News Corporation (NASDAQ:NWSA) by 12.6% in the 3rd quarter, Holdings Channel reports. The firm owned 1,167,372 shares of the company’s stock after acquiring an additional 130,362 shares during the period. News makes up 11.1% of Northern Right Capital Management L.P.’s investment portfolio, making the stock its largest holding. Northern Right Capital Management L.P.’s holdings in News were worth $35,850,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NWSA. CYBER HORNET ETFs LLC bought a new stake in News in the 2nd quarter worth approximately $30,000. Root Financial Partners LLC bought a new stake in shares of News in the 3rd quarter worth about $35,000. Brown Brothers Harriman & Co. grew its stake in shares of News by 154.5% during the third quarter. Brown Brothers Harriman & Co. now owns 1,285 shares of the company’s stock valued at $39,000 after buying an additional 780 shares during the last quarter. Rothschild Investment LLC grew its position in News by 120.0% in the 3rd quarter. Rothschild Investment LLC now owns 1,749 shares of the company’s stock valued at $54,000 after acquiring an additional 954 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of News by 87.9% in the third quarter. Smartleaf Asset Management LLC now owns 2,396 shares of the company’s stock worth $74,000 after purchasing an additional 1,121 shares during the last quarter. 66.97% of the stock is owned by institutional investors.

News Price Performance

Shares of NASDAQ:NWSA opened at $24.20 on Tuesday. News Corporation has a one year low of $22.20 and a one year high of $31.61. The stock has a market capitalization of $13.44 billion, a price-to-earnings ratio of 11.92 and a beta of 0.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.69 and a current ratio of 1.81. The company has a 50-day simple moving average of $24.84 and a 200-day simple moving average of $26.33.

News (NASDAQ:NWSA) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.33 by $0.07. News had a return on equity of 5.94% and a net margin of 13.35%.The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same period last year, the firm earned $0.33 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts predict that News Corporation will post 0.94 EPS for the current year.

News Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 11th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, March 11th. This represents a yield of 83.0%. News’s payout ratio is presently 9.85%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NWSA. Wall Street Zen raised News from a “hold” rating to a “buy” rating in a research note on Sunday. Zacks Research raised shares of News from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. reduced their target price on News from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. Morgan Stanley set a $32.40 price target on shares of News in a report on Friday, February 6th. Finally, Weiss Ratings lowered News from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 26th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, News currently has an average rating of “Moderate Buy” and an average price target of $37.02.

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.