Aviva PLC Has $1.95 Million Stock Position in News Co. (NASDAQ:NWSA)

Aviva PLC lowered its holdings in News Co. (NASDAQ:NWSA) by 3.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 76,532 shares of the company’s stock after selling 2,343 shares during the quarter. Aviva PLC’s holdings in News were worth $1,946,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. City Holding Co. acquired a new stake in News in the 1st quarter valued at approximately $28,000. Childress Capital Advisors LLC acquired a new stake in shares of News during the 4th quarter worth approximately $27,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of News during the 4th quarter worth approximately $29,000. Lazard Asset Management LLC acquired a new stake in shares of News during the 4th quarter worth approximately $34,000. Finally, Fifth Third Bancorp grew its holdings in shares of News by 21.3% during the 1st quarter. Fifth Third Bancorp now owns 2,471 shares of the company’s stock worth $63,000 after purchasing an additional 434 shares in the last quarter. 63.50% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on the company. Guggenheim raised News from a “neutral” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Thursday, March 18th. UBS Group lowered News from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $25.50.

Shares of NWSA stock opened at $25.57 on Friday. The company has a fifty day moving average of $26.42. The company has a current ratio of 1.24, a quick ratio of 1.17 and a debt-to-equity ratio of 0.11. News Co. has a one year low of $11.24 and a one year high of $27.97. The firm has a market cap of $15.11 billion, a price-to-earnings ratio of -284.08 and a beta of 1.57.

News (NASDAQ:NWSA) last issued its quarterly earnings data on Thursday, May 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.08. News had a positive return on equity of 3.26% and a negative net margin of 0.60%. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the previous year, the company posted $0.03 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, research analysts anticipate that News Co. will post 0.45 EPS for the current year.

News Company Profile

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

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Institutional Ownership by Quarter for News (NASDAQ:NWSA)

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