Qsemble Capital Management LP Acquires 275,895 Shares of News Corporation $NWSA

Qsemble Capital Management LP raised its holdings in News Corporation (NASDAQ:NWSA) by 586.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 322,919 shares of the company’s stock after acquiring an additional 275,895 shares during the period. Qsemble Capital Management LP owned about 0.06% of News worth $8,435,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NWSA. Caitong International Asset Management Co. Ltd bought a new stake in shares of News during the third quarter worth about $31,000. CYBER HORNET ETFs LLC bought a new stake in shares of News during the second quarter worth about $30,000. Root Financial Partners LLC bought a new stake in shares of News during the third quarter worth about $35,000. Advisory Services Network LLC bought a new stake in shares of News during the third quarter worth about $35,000. Finally, Brown Brothers Harriman & Co. grew its holdings 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 worth $39,000 after purchasing an additional 780 shares during the last quarter. Institutional investors own 66.97% of the company’s stock.

News Price Performance

News stock opened at $25.92 on Friday. The stock’s 50 day moving average is $25.17 and its 200 day moving average is $25.41. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.70 and a quick ratio of 1.59. The firm has a market cap of $14.19 billion, a P/E ratio of 12.90 and a beta of 0.89. News Corporation has a one year low of $22.20 and a one year high of $31.61.

News (NASDAQ:NWSA) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.11 billion. News had a return on equity of 6.12% and a net margin of 12.92%.The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 earnings per share. As a group, research analysts expect that News Corporation will post 0.92 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Zacks Research upgraded shares of News from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Citigroup cut their price target on shares of News from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday. Morgan Stanley reiterated an “overweight” rating and set a $34.00 price target on shares of News in a report on Sunday, May 10th. Weiss Ratings lowered shares of News from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Finally, Wall Street Zen upgraded shares of News from a “hold” rating to a “buy” rating in a report on Saturday. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, News has a consensus rating of “Moderate Buy” and a consensus price target of $37.14.

About News

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.