84,975 Shares in News Corporation (NWSA) Purchased by Crossmark Global Holdings Inc.
Crossmark Global Holdings Inc. bought a new stake in News Corporation (NASDAQ:NWSA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 84,975 shares of the company’s stock, valued at approximately $1,127,000.
A number of other institutional investors also recently modified their holdings of NWSA. Creative Planning boosted its position in News Corporation by 109.9% in the second quarter. Creative Planning now owns 11,068 shares of the company’s stock valued at $152,000 after buying an additional 5,795 shares in the last quarter. Balyasny Asset Management LLC acquired a new stake in News Corporation in the second quarter valued at approximately $155,000. Parametrica Management Ltd acquired a new stake in News Corporation in the second quarter valued at approximately $156,000. Cubist Systematic Strategies LLC boosted its position in News Corporation by 322.5% in the second quarter. Cubist Systematic Strategies LLC now owns 11,829 shares of the company’s stock valued at $162,000 after buying an additional 9,029 shares in the last quarter. Finally, Profund Advisors LLC boosted its position in News Corporation by 20.7% in the second quarter. Profund Advisors LLC now owns 12,750 shares of the company’s stock valued at $175,000 after buying an additional 2,185 shares in the last quarter. Hedge funds and other institutional investors own 60.70% of the company’s stock.
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News Corporation (NASDAQ:NWSA) opened at $15.10 on Friday. The company has a market cap of $8,354.81, a price-to-earnings ratio of 32.64, a PEG ratio of 2.93 and a beta of 1.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.56 and a current ratio of 1.56. News Corporation has a fifty-two week low of $11.41 and a fifty-two week high of $15.79.
News Corporation (NASDAQ:NWSA) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.98 billion. News Corporation had a negative net margin of 7.96% and a positive return on equity of 2.27%. News Corporation’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.01) earnings per share. research analysts forecast that News Corporation will post 0.49 EPS for the current year.
A number of brokerages have weighed in on NWSA. Zacks Investment Research lowered shares of News Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Jefferies Group LLC reiterated a “buy” rating and set a $17.00 price target on shares of News Corporation in a report on Sunday, July 30th. Finally, Rosenblatt Securities started coverage on shares of News Corporation in a report on Friday, July 14th. They set a “buy” rating and a $17.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $15.40.
About News Corporation
News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.
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