News Corporation $NWSA Stock Position Lifted by Maven Securities LTD

Maven Securities LTD boosted its stake in shares of News Corporation (NASDAQ:NWSA) by 32.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 310,035 shares of the company’s stock after purchasing an additional 75,175 shares during the period. Maven Securities LTD owned about 0.06% of News worth $8,098,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB grew its position in News by 77.3% during the fourth quarter. Swedbank AB now owns 192,326 shares of the company’s stock valued at $5,024,000 after purchasing an additional 83,821 shares in the last quarter. Barclays PLC grew its position in News by 39.5% during the third quarter. Barclays PLC now owns 14,875,615 shares of the company’s stock valued at $456,830,000 after purchasing an additional 4,214,562 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in News by 22.9% in the third quarter. JPMorgan Chase & Co. now owns 1,770,946 shares of the company’s stock valued at $54,389,000 after acquiring an additional 330,513 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in News by 14.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 823,989 shares of the company’s stock valued at $21,580,000 after acquiring an additional 102,259 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in News in the third quarter valued at approximately $8,799,000. 66.97% of the stock is owned by hedge funds and other institutional investors.

News Price Performance

Shares of News stock opened at $25.68 on Monday. The firm has a fifty day simple moving average of $26.04 and a 200-day simple moving average of $25.46. The company has a current ratio of 1.70, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. News Corporation has a 1-year low of $22.20 and a 1-year high of $31.61. The stock has a market capitalization of $14.06 billion, a price-to-earnings ratio of 12.78 and a beta of 0.88.

News (NASDAQ:NWSA) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. News had a net margin of 12.92% and a return on equity of 6.12%. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the previous year, the company earned $0.17 earnings per share. News’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, sell-side analysts expect that News Corporation will post 0.92 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on NWSA shares. Weiss Ratings upgraded shares of News from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Citigroup reduced their target price on shares of News from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Morgan Stanley reiterated an “overweight” rating and issued a $34.00 target price on shares of News in a research note on Sunday, May 10th. Wall Street Zen upgraded shares of News from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Zacks Research upgraded shares of News from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.14.

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.