Canada Pension Plan Investment Board Decreases Holdings in News Corporation (NWSA)
Canada Pension Plan Investment Board lowered its stake in shares of News Corporation (NASDAQ:NWSA) by 3.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 743,839 shares of the company’s stock after selling 30,100 shares during the period. Canada Pension Plan Investment Board owned about 0.19% of News Corporation worth $9,863,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Parametrica Management Ltd lifted its stake in shares of News Corporation by 35.6% in the 3rd quarter. Parametrica Management Ltd now owns 15,482 shares of the company’s stock valued at $205,000 after purchasing an additional 4,062 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of News Corporation in the 3rd quarter valued at $1,127,000. First Quadrant L P CA lifted its stake in shares of News Corporation by 98.7% in the 3rd quarter. First Quadrant L P CA now owns 328,109 shares of the company’s stock valued at $4,351,000 after purchasing an additional 162,969 shares during the last quarter. Aperio Group LLC lifted its stake in shares of News Corporation by 8.4% in the 3rd quarter. Aperio Group LLC now owns 300,450 shares of the company’s stock valued at $3,984,000 after purchasing an additional 23,362 shares during the last quarter. Finally, Troy Asset Management Ltd acquired a new stake in shares of News Corporation in the 3rd quarter valued at $878,000. 60.70% of the stock is owned by institutional investors.
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Several research firms recently issued reports on NWSA. Zacks Investment Research lowered shares of News Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $17.00 price objective on shares of News Corporation in a research note on Sunday, July 30th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $15.40.
News Corporation (NASDAQ NWSA) opened at $15.10 on Friday. The company has a market cap of $8,785.35, a price-to-earnings ratio of 34.32, a P/E/G ratio of 3.08 and a beta of 1.99. News Corporation has a twelve month low of $11.41 and a twelve month high of $15.79. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.02.
News Corporation (NASDAQ:NWSA) last announced its earnings results on Thursday, November 9th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.98 billion. News Corporation had a negative net margin of 7.96% and a positive return on equity of 2.27%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.01) EPS. analysts expect that News Corporation will post 0.49 earnings per share for the current fiscal year.
News Corporation Company Profile
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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