PharVision Advisers LLC Invests $362,000 in News Co. (NASDAQ:NWSA)

PharVision Advisers LLC bought a new stake in News Co. (NASDAQ:NWSA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,131 shares of the company’s stock, valued at approximately $362,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of News by 124.0% in the 3rd quarter. Barclays PLC now owns 14,713,823 shares of the company’s stock valued at $391,832,000 after purchasing an additional 8,144,856 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in News by 204.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 344,043 shares of the company’s stock valued at $9,447,000 after buying an additional 231,056 shares in the last quarter. Asset Management One Co. Ltd. grew its position in News by 0.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 151,693 shares of the company’s stock valued at $4,216,000 after acquiring an additional 820 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in News by 35.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,289 shares of the company’s stock worth $1,064,000 after acquiring an additional 9,981 shares in the last quarter. Finally, Savant Capital LLC lifted its holdings in shares of News by 9.6% during the fourth quarter. Savant Capital LLC now owns 16,076 shares of the company’s stock valued at $443,000 after acquiring an additional 1,411 shares during the period. Institutional investors and hedge funds own 66.97% of the company’s stock.

News Stock Performance

NWSA stock opened at $28.33 on Wednesday. The company has a quick ratio of 1.65, a current ratio of 1.73 and a debt-to-equity ratio of 0.22. News Co. has a twelve month low of $23.38 and a twelve month high of $30.69. The company has a market cap of $16.04 billion, a P/E ratio of 38.81 and a beta of 1.30. The business has a fifty day moving average of $26.84 and a 200-day moving average of $27.89.

News (NASDAQ:NWSA) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2 billion. News had a net margin of 4.22% and a return on equity of 5.31%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the company earned $0.13 EPS. As a group, equities research analysts expect that News Co. will post 0.94 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NWSA shares. Morgan Stanley decreased their price objective on shares of News from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Guggenheim restated a “buy” rating and set a $45.00 price target on shares of News in a research report on Thursday, May 15th. StockNews.com raised News from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th. UBS Group raised News from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 4th. Finally, Seaport Res Ptn upgraded News to a “strong-buy” rating in a research note on Friday, January 31st. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, News has an average rating of “Buy” and a consensus target price of $39.20.

About News

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.