Tredje AP fonden Has $1.27 Million Stake in News Corporation $NWSA

Tredje AP fonden lifted its position in shares of News Corporation (NASDAQ:NWSA) by 43.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 42,552 shares of the company’s stock after purchasing an additional 12,841 shares during the period. Tredje AP fonden’s holdings in News were worth $1,265,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. IFM Investors Pty Ltd raised its position in News by 5.0% during the 1st quarter. IFM Investors Pty Ltd now owns 86,624 shares of the company’s stock worth $2,307,000 after purchasing an additional 4,138 shares during the last quarter. Bank of New York Mellon Corp raised its position in News by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 3,081,305 shares of the company’s stock worth $83,873,000 after purchasing an additional 39,342 shares during the last quarter. Envestnet Asset Management Inc. raised its position in News by 37.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 33,385 shares of the company’s stock worth $909,000 after purchasing an additional 9,091 shares during the last quarter. Flossbach Von Storch SE bought a new position in News during the 1st quarter worth $445,000. Finally, Axxcess Wealth Management LLC raised its position in News by 20.0% during the 1st quarter. Axxcess Wealth Management LLC now owns 18,006 shares of the company’s stock worth $490,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 66.97% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on NWSA. Weiss Ratings reaffirmed a “buy (b)” rating on shares of News in a research report on Wednesday, October 8th. Macquarie reissued a “neutral” rating and issued a $32.70 price objective on shares of News in a research report on Wednesday, August 6th. Zacks Research lowered News from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on News from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $38.62.

News Stock Performance

NWSA stock opened at $25.99 on Tuesday. The stock has a 50-day moving average price of $28.36 and a 200-day moving average price of $28.51. News Corporation has a 1-year low of $23.38 and a 1-year high of $31.61. The company has a current ratio of 1.84, a quick ratio of 1.72 and a debt-to-equity ratio of 0.21. The firm has a market cap of $14.68 billion, a PE ratio of 12.50 and a beta of 1.15.

News (NASDAQ:NWSA) last issued its earnings results on Tuesday, August 5th. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. News had a return on equity of 5.66% and a net margin of 13.21%.The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the company posted $0.17 EPS. The firm’s revenue was up .8% compared to the same quarter last year. As a group, equities research analysts expect that News Corporation will post 0.94 earnings per share for the current year.

About News

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.