25,608 Shares in News Corporation $NWS Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new stake in shares of News Corporation (NASDAQ:NWS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 25,608 shares of the company’s stock, valued at approximately $889,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Perpetual Ltd purchased a new stake in shares of News during the 3rd quarter valued at about $19,456,000. Norges Bank bought a new stake in News during the second quarter worth approximately $14,705,000. Jane Street Group LLC raised its position in News by 352.2% during the second quarter. Jane Street Group LLC now owns 444,538 shares of the company’s stock valued at $15,252,000 after purchasing an additional 346,233 shares during the period. HRT Financial LP bought a new stake in shares of News in the 2nd quarter valued at approximately $9,443,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of News by 81.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 526,882 shares of the company’s stock worth $18,077,000 after purchasing an additional 235,840 shares during the period. 14.63% of the stock is owned by hedge funds and other institutional investors.

News Stock Performance

Shares of News stock opened at $31.10 on Friday. The company has a quick ratio of 1.63, a current ratio of 1.76 and a debt-to-equity ratio of 0.21. The stock’s fifty day moving average is $29.69 and its two-hundred day moving average is $31.51. News Corporation has a 52 week low of $26.25 and a 52 week high of $35.58. The company has a market capitalization of $17.46 billion, a PE ratio of 15.02 and a beta of 0.95.

News (NASDAQ:NWS) last released its earnings results on Thursday, November 6th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.06. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.11 billion. News had a return on equity of 5.68% and a net margin of 13.80%. As a group, analysts expect that News Corporation will post 1.03 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on NWS. Weiss Ratings lowered News from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Zacks Research raised shares of News to a “hold” rating in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

News Profile

News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.