NEOS Investment Management LLC Grows Stock Holdings in News Corporation $NWSA

NEOS Investment Management LLC lifted its holdings in shares of News Corporation (NASDAQ:NWSA) by 117.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,662 shares of the company’s stock after purchasing an additional 39,264 shares during the quarter. NEOS Investment Management LLC’s holdings in News were worth $2,231,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of NWSA. Cullen Frost Bankers Inc. acquired a new stake in News in the 2nd quarter valued at about $30,000. CYBER HORNET ETFs LLC acquired a new position in shares of News in the 2nd quarter valued at $30,000. Root Financial Partners LLC acquired a new stake in shares of News in the 3rd quarter valued at about $35,000. Rothschild Investment LLC increased its position in News by 120.0% during the third quarter. Rothschild Investment LLC now owns 1,749 shares of the company’s stock worth $54,000 after buying an additional 954 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of News by 87.9% in the third quarter. Smartleaf Asset Management LLC now owns 2,396 shares of the company’s stock valued at $74,000 after acquiring an additional 1,121 shares during the period. 66.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NWSA shares. Wall Street Zen upgraded News from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Citigroup dropped their price objective on News from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, February 9th. Weiss Ratings raised shares of News from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 11th. Zacks Research cut shares of News from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. Finally, Morgan Stanley set a $32.40 price target on News in a research report on Friday, February 6th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.02.

News Stock Performance

NASDAQ:NWSA opened at $23.65 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.81 and a quick ratio of 1.69. The firm has a market cap of $13.13 billion, a PE ratio of 11.65 and a beta of 0.99. The firm has a 50 day simple moving average of $25.56 and a 200-day simple moving average of $26.98. News Corporation has a 1-year low of $22.20 and a 1-year high of $31.61.

News (NASDAQ:NWSA) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.07. News had a return on equity of 5.94% and a net margin of 13.35%.The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the prior year, the company posted $0.33 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts expect that News Corporation will post 0.94 EPS for the current year.

News Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 11th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, March 11th. This represents a yield of 83.0%. News’s payout ratio is 9.85%.

News Company Profile

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.