Stevens Capital Management LP Acquires 54,367 Shares of News Corp (NWSA)

Stevens Capital Management LP raised its holdings in News Corp (NASDAQ:NWSA) by 92.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,905 shares of the company’s stock after purchasing an additional 54,367 shares during the period. Stevens Capital Management LP’s holdings in News were worth $1,489,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Dupont Capital Management Corp lifted its stake in shares of News by 74.0% during the second quarter. Dupont Capital Management Corp now owns 7,984 shares of the company’s stock valued at $124,000 after buying an additional 3,396 shares during the period. Pzena Investment Management LLC increased its position in News by 1.3% during the second quarter. Pzena Investment Management LLC now owns 22,271,937 shares of the company’s stock worth $345,215,000 after purchasing an additional 280,602 shares during the last quarter. Greenleaf Trust acquired a new position in News during the second quarter worth approximately $156,000. SG Americas Securities LLC increased its position in News by 67.5% during the second quarter. SG Americas Securities LLC now owns 171,362 shares of the company’s stock worth $2,656,000 after purchasing an additional 69,082 shares during the last quarter. Finally, Tredje AP fonden increased its position in News by 28.2% during the second quarter. Tredje AP fonden now owns 237,979 shares of the company’s stock worth $3,689,000 after purchasing an additional 52,299 shares during the last quarter. 61.87% of the stock is currently owned by institutional investors.

Several equities analysts recently commented on NWSA shares. Goldman Sachs Group raised shares of News from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 9th. Morgan Stanley lowered shares of News from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $17.00 to $12.50 in a research report on Monday, August 20th. Zacks Investment Research raised shares of News from a “sell” rating to a “hold” rating in a research report on Friday, September 14th. Loop Capital raised shares of News from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Tuesday, September 4th. Finally, ValuEngine raised shares of News from a “sell” rating to a “hold” rating in a research report on Friday, September 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $15.50.

NWSA opened at $12.89 on Thursday. The firm has a market cap of $7.54 billion, a P/E ratio of 29.30, a PEG ratio of 4.96 and a beta of 1.60. News Corp has a twelve month low of $12.23 and a twelve month high of $17.29. The company has a quick ratio of 1.15, a current ratio of 1.26 and a debt-to-equity ratio of 0.11.

News (NASDAQ:NWSA) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.12. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.53 billion. News had a negative net margin of 15.61% and a positive return on equity of 2.99%. The business’s revenue was up 22.6% on a year-over-year basis. During the same period last year, the business earned $0.07 EPS. Equities analysts forecast that News Corp will post 0.38 earnings per share for the current year.

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News 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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Institutional Ownership by Quarter for News (NASDAQ:NWSA)

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