Investors Buy High Volume of Put Options on News (NWSA)

News Corp (NASDAQ:NWSA) was the recipient of unusually large options trading on Wednesday. Traders purchased 100,328 put options on the company. This represents an increase of 83,507% compared to the typical volume of 120 put options.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dupont Capital Management Corp boosted its holdings in News by 74.0% during the 2nd quarter. Dupont Capital Management Corp now owns 7,984 shares of the company’s stock valued at $124,000 after acquiring an additional 3,396 shares during the period. Greenleaf Trust purchased a new stake in News during the 2nd quarter valued at about $156,000. Signition LP purchased a new stake in News during the 3rd quarter valued at about $160,000. Seven Eight Capital LP purchased a new stake in News during the 3rd quarter valued at about $449,000. Finally, Wedge Capital Management L L P NC boosted its holdings in News by 27.2% during the 3rd quarter. Wedge Capital Management L L P NC now owns 42,520 shares of the company’s stock valued at $561,000 after acquiring an additional 9,085 shares during the period. Hedge funds and other institutional investors own 60.72% of the company’s stock.

NWSA has been the subject of a number of research reports. Morgan Stanley cut News from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $17.00 to $12.50 in a report on Monday, August 20th. Goldman Sachs Group upgraded News from a “neutral” rating to a “buy” rating in a report on Tuesday, October 9th. Zacks Investment Research upgraded News from a “sell” rating to a “hold” rating in a report on Friday, September 14th. Loop Capital upgraded News from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Tuesday, September 4th. Finally, ValuEngine upgraded News from a “sell” rating to a “hold” rating in a report on Friday, September 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $15.50.

NWSA opened at $13.13 on Friday. News has a 12-month low of $12.23 and a 12-month high of $17.29. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.33 and a quick ratio of 1.22. The stock has a market capitalization of $7.47 billion, a PE ratio of 29.84, a PEG ratio of 4.62 and a beta of 1.86.

News (NASDAQ:NWSA) last posted its quarterly earnings data on Thursday, August 9th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. News had a positive return on equity of 2.41% and a negative net margin of 16.78%. The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the prior year, the business earned $0.11 EPS. The company’s revenue for the quarter was up 29.5% compared to the same quarter last year. As a group, equities research analysts expect that News will post 0.41 EPS for the current year.

The company also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, October 17th. Stockholders of record on Wednesday, September 12th were issued a $0.10 dividend. This represents a dividend yield of 1.47%. The ex-dividend date was Tuesday, September 11th. News’s payout ratio is currently 45.45%.

News Company Profile

News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.

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