GSA Capital Partners LLP Acquires 86,171 Shares of News Corp (NWSA)

GSA Capital Partners LLP increased its holdings in shares of News Corp (NASDAQ:NWSA) by 357.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 110,257 shares of the company’s stock after acquiring an additional 86,171 shares during the period. GSA Capital Partners LLP’s holdings in News were worth $1,454,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Dupont Capital Management Corp boosted its position in shares of 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 in the last quarter. Hsbc Holdings PLC boosted its position in shares of News by 1.0% during the 3rd quarter. Hsbc Holdings PLC now owns 392,937 shares of the company’s stock valued at $5,183,000 after acquiring an additional 3,871 shares in the last quarter. American International Group Inc. boosted its position in shares of News by 1.3% during the 3rd quarter. American International Group Inc. now owns 312,576 shares of the company’s stock valued at $4,123,000 after acquiring an additional 4,085 shares in the last quarter. Meiji Yasuda Life Insurance Co lifted its holdings in News by 15.7% during the 3rd quarter. Meiji Yasuda Life Insurance Co now owns 31,690 shares of the company’s stock valued at $418,000 after purchasing an additional 4,300 shares during the last quarter. Finally, Commonwealth Bank of Australia lifted its holdings in News by 5.0% during the 3rd quarter. Commonwealth Bank of Australia now owns 110,008 shares of the company’s stock valued at $1,445,000 after purchasing an additional 5,200 shares during the last quarter. Institutional investors and hedge funds own 61.87% of the company’s stock.

Several equities analysts recently issued reports on NWSA shares. Zacks Investment Research raised shares of News from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Morgan Stanley downgraded shares of News from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $17.00 to $12.50 in a report on Monday, August 20th. UBS Group raised shares of News from a “sell” rating to a “neutral” rating in a report on Wednesday, August 29th. Loop Capital raised shares of News from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Tuesday, September 4th. Finally, ValuEngine downgraded shares of News from a “hold” rating to a “sell” rating in a report on Friday, September 7th. One 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 company. The stock currently has an average rating of “Hold” and a consensus price target of $15.50.

Shares of NWSA stock opened at $12.36 on Friday. News Corp has a 12-month low of $12.23 and a 12-month high of $17.29. The stock has a market cap of $7.29 billion, a P/E ratio of 22.67, a PEG ratio of 4.79 and a beta of 1.60. 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 announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.12. News had a negative net margin of 15.61% and a positive return on equity of 2.99%. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same period last year, the firm posted $0.07 EPS. The firm’s quarterly revenue was up 22.6% on a year-over-year basis. On average, equities research analysts expect that News Corp will post 0.38 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for News (NASDAQ:NWSA)

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