Caxton Associates LLP Purchases New Shares in News Corporation $NWSA

Caxton Associates LLP acquired a new position in News Corporation (NASDAQ:NWSA) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 86,022 shares of the company’s stock, valued at approximately $2,145,000.

A number of other institutional investors have also recently bought and sold shares of NWSA. Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of News by 4.5% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 11,521 shares of the company’s stock worth $301,000 after purchasing an additional 496 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of News by 23.2% in the fourth quarter. Farther Finance Advisors LLC now owns 2,648 shares of the company’s stock valued at $69,000 after buying an additional 498 shares during the period. Coldstream Capital Management Inc. boosted its stake in shares of News by 5.9% in the third quarter. Coldstream Capital Management Inc. now owns 10,139 shares of the company’s stock valued at $311,000 after buying an additional 563 shares during the period. Handelsbanken Fonder AB grew its position in News by 0.4% during the fourth quarter. Handelsbanken Fonder AB now owns 151,100 shares of the company’s stock worth $3,947,000 after buying an additional 600 shares in the last quarter. Finally, Patton Fund Management Inc. increased its stake in News by 7.8% during the 4th quarter. Patton Fund Management Inc. now owns 8,753 shares of the company’s stock worth $229,000 after acquiring an additional 634 shares during the period. Institutional investors own 66.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Zacks Research upgraded News from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. Weiss Ratings raised News from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Morgan Stanley reaffirmed an “overweight” rating and set a $34.00 price objective on shares of News in a research report on Sunday, May 10th. Citigroup reduced their price objective on shares of News from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Finally, Wall Street Zen upgraded shares of News from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $37.14.

News Stock Performance

News stock opened at $26.76 on Friday. The business has a 50 day moving average of $26.45 and a 200-day moving average of $25.57. The company has a market capitalization of $14.65 billion, a P/E ratio of 13.31 and a beta of 0.89. News Corporation has a 1 year low of $22.20 and a 1 year high of $31.61. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.70 and a quick ratio of 1.59.

News (NASDAQ:NWSA) last posted its earnings results on Thursday, May 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.16 by $0.05. News had a net margin of 12.92% and a return on equity of 6.12%. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the company earned $0.17 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. On average, equities research analysts predict that News Corporation will post 0.92 earnings per share for the current year.

News Company Profile

News Corporation (NASDAQ: NWSA) is a global diversified media and information services company headquartered in New York City. It operates through two principal segments: News and Information Services, and Digital Real Estate Services. The company’s news and information division oversees a portfolio of leading newspapers, magazines and digital platforms, offering content across print and online channels. Its properties include Dow Jones, publisher of The Wall Street Journal and Barron’s, News UK titles such as The Times and The Sun, as well as News Corp Australia mastheads.

In addition to its journalism assets, News Corp is a significant player in book publishing through HarperCollins, one of the world’s largest consumer publishers.