GSA Capital Partners LLP Has $2.82 Million Stock Position in News Corporation $NWSA

GSA Capital Partners LLP grew its stake in shares of News Corporation (NASDAQ:NWSA) by 155.5% during the 4th quarter, Holdings Channel reports. The firm owned 107,835 shares of the company’s stock after buying an additional 65,627 shares during the period. GSA Capital Partners LLP’s holdings in News were worth $2,817,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NWSA. CYBER HORNET ETFs LLC acquired a new position in shares of News during the 2nd quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of News during the 3rd quarter worth approximately $31,000. Root Financial Partners LLC acquired a new position in shares of News during the 3rd quarter worth approximately $35,000. Advisory Services Network LLC acquired a new position in shares of News during the 3rd quarter worth approximately $35,000. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of News by 154.5% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,285 shares of the company’s stock worth $39,000 after acquiring an additional 780 shares during the last quarter. 66.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NWSA. Zacks Research raised News from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Weiss Ratings lowered News from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $34.00 price objective on shares of News in a report on Sunday, May 10th. Wall Street Zen raised News from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Citigroup decreased their price objective on News from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Four 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 presently has a consensus rating of “Moderate Buy” and an average target price of $37.14.

News Stock Performance

NWSA opened at $26.27 on Tuesday. The firm has a market cap of $14.38 billion, a P/E ratio of 13.07 and a beta of 0.89. News Corporation has a 52-week low of $22.20 and a 52-week high of $31.61. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.59 and a current ratio of 1.70. The business’s fifty day moving average is $25.21 and its 200-day moving average is $25.39.

News (NASDAQ:NWSA) last released its earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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%.News’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 EPS. Sell-side analysts expect that News Corporation will post 0.92 EPS for the current fiscal year.

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.