Zeke Capital Advisors LLC grew its position in shares of News Corp (NASDAQ:NWSA) by 2,139.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 274,850 shares of the company’s stock after purchasing an additional 262,575 shares during the quarter. Zeke Capital Advisors LLC’s holdings in News were worth $3,886,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in News by 1.8% during the second quarter. Vanguard Group Inc. now owns 52,763,210 shares of the company’s stock worth $711,775,000 after acquiring an additional 911,875 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in News by 10.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 52,435,946 shares of the company’s stock valued at $707,361,000 after acquiring an additional 4,850,224 shares during the period. BlackRock Inc. grew its stake in News by 6.5% in the second quarter. BlackRock Inc. now owns 27,035,796 shares of the company’s stock valued at $364,713,000 after acquiring an additional 1,644,246 shares during the period. Yacktman Asset Management LP increased its holdings in shares of News by 636.0% during the third quarter. Yacktman Asset Management LP now owns 11,137,008 shares of the company’s stock valued at $155,027,000 after acquiring an additional 9,623,733 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of News by 11.6% during the second quarter. Invesco Ltd. now owns 3,792,815 shares of the company’s stock valued at $51,164,000 after acquiring an additional 392,818 shares in the last quarter. Hedge funds and other institutional investors own 62.29% of the company’s stock.
Separately, BidaskClub upgraded News from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $15.30.
Shares of NASDAQ:NWSA traded down $0.02 during midday trading on Friday, hitting $14.89. 25,318 shares of the company’s stock were exchanged, compared to its average volume of 1,848,018. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.97. News Corp has a 12 month low of $11.22 and a 12 month high of $14.98. The company has a market cap of $8.77 billion, a PE ratio of 32.36 and a beta of 1.49. The stock has a 50 day moving average price of $13.86 and a 200-day moving average price of $13.62.
News (NASDAQ:NWSA) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.39 billion. News had a positive return on equity of 1.94% and a negative net margin of 1.75%. The company’s quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 EPS. On average, analysts anticipate that News Corp will post 0.38 EPS for the current fiscal year.
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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