News Corp (NASDAQ:NWSA) Shares Bought by Two Sigma Investments LP

Two Sigma Investments LP grew its holdings in News Corp (NASDAQ:NWSA) by 78.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,692,135 shares of the company’s stock after acquiring an additional 743,651 shares during the quarter. Two Sigma Investments LP owned 0.29% of News worth $27,430,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Mutual of America Capital Management LLC boosted its position in shares of News by 31.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 52,995 shares of the company’s stock valued at $859,000 after acquiring an additional 12,777 shares during the period. Swiss National Bank boosted its position in shares of News by 0.4% in the fourth quarter. Swiss National Bank now owns 1,410,199 shares of the company’s stock valued at $22,859,000 after acquiring an additional 5,200 shares during the period. PGGM Investments bought a new stake in shares of News in the fourth quarter valued at about $14,524,000. California Public Employees Retirement System boosted its position in shares of News by 5.0% in the fourth quarter. California Public Employees Retirement System now owns 1,006,678 shares of the company’s stock valued at $16,318,000 after acquiring an additional 48,034 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of News by 12.4% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 91,513 shares of the company’s stock valued at $1,213,000 after acquiring an additional 10,114 shares during the period. 62.12% of the stock is owned by institutional investors.

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NWSA has been the subject of a number of recent research reports. Zacks Investment Research cut shares of News from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. TheStreet cut shares of News from a “b-” rating to a “c+” rating in a research report on Thursday, February 8th. Jefferies Group reissued a “buy” rating on shares of News in a research report on Friday, February 9th. Finally, Loop Capital initiated coverage on shares of News in a research report on Thursday, March 15th. They issued a “hold” rating and a $17.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $17.50.

NWSA stock opened at $15.50 on Friday. The stock has a market capitalization of $9,195.61, a P/E ratio of 43.06, a P/E/G ratio of 2.44 and a beta of 1.93. News Corp has a 52 week low of $12.19 and a 52 week high of $17.29. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.64 and a quick ratio of 1.64.

News (NASDAQ:NWSA) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.05. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.13 billion. News had a positive return on equity of 2.52% and a negative net margin of 5.41%. News’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 earnings per share. sell-side analysts predict that News Corp will post 0.51 earnings per share for the current fiscal year.

The business also recently declared a semiannual dividend, which will be paid on Wednesday, April 18th. Investors of record on Wednesday, March 14th will be paid a $0.10 dividend. This represents a yield of 1.27%. The ex-dividend date is Tuesday, March 13th. News’s dividend payout ratio (DPR) is presently 55.56%.

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News 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.

Institutional Ownership by Quarter for News (NASDAQ:NWSA)

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