News Corporation $NWSA Stock Holdings Lowered by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in shares of News Corporation (NASDAQ:NWSA) by 22.4% in the 4th quarter, Holdings Channel reports. The fund owned 87,106 shares of the company’s stock after selling 25,188 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in News were worth $2,275,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. CYBER HORNET ETFs LLC bought a new position in shares of News during the second quarter worth about $30,000. Caitong International Asset Management Co. Ltd bought a new position in shares of News during the third quarter worth about $31,000. Advisory Services Network LLC bought a new position in shares of News during the third quarter worth about $35,000. Brown Brothers Harriman & Co. grew its position in shares of News by 154.5% during the third quarter. Brown Brothers Harriman & Co. now owns 1,285 shares of the company’s stock worth $39,000 after acquiring an additional 780 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in shares of News by 561.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,732 shares of the company’s stock worth $45,000 after acquiring an additional 1,470 shares during the last quarter. Institutional investors own 66.97% of the company’s stock.

News Price Performance

NWSA stock opened at $27.26 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. News Corporation has a one year low of $22.20 and a one year high of $31.61. The firm has a market capitalization of $14.92 billion, a PE ratio of 13.56 and a beta of 0.88. The firm has a 50-day moving average of $25.83 and a two-hundred day moving average of $25.41.

News (NASDAQ:NWSA) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. News had a net margin of 12.92% and a return on equity of 6.12%. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period in the prior year, the firm earned $0.17 earnings per share. The business’s quarterly revenue was up 8.8% on a year-over-year basis. On average, analysts forecast that News Corporation will post 0.92 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on NWSA. Weiss Ratings upgraded shares of News from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Wall Street Zen upgraded shares of News from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Morgan Stanley restated an “overweight” rating and set a $34.00 price target on shares of News in a research report on Sunday, May 10th. Citigroup decreased their target price on shares of News from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Finally, Zacks Research upgraded shares of News from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.14.

About News

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.