News Corporation $NWSA Shares Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp boosted its position in shares of News Corporation (NASDAQ:NWSA) by 2,747.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 387,092 shares of the company’s stock after buying an additional 373,500 shares during the period. OMERS ADMINISTRATION Corp owned 0.07% of News worth $10,111,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of NWSA. Norges Bank purchased a new stake in News during the 4th quarter worth approximately $188,788,000. AQR Capital Management LLC increased its stake in News by 488.0% during the 2nd quarter. AQR Capital Management LLC now owns 8,124,507 shares of the company’s stock worth $241,054,000 after buying an additional 6,742,836 shares in the last quarter. Bank of Montreal Can increased its stake in News by 2,348.9% during the 4th quarter. Bank of Montreal Can now owns 5,664,644 shares of the company’s stock worth $147,961,000 after buying an additional 5,433,332 shares in the last quarter. State Street Corp increased its stake in News by 16.5% during the 3rd quarter. State Street Corp now owns 31,356,593 shares of the company’s stock worth $965,673,000 after buying an additional 4,448,929 shares in the last quarter. Finally, Barclays PLC increased its stake in News by 39.5% during the 3rd quarter. Barclays PLC now owns 14,875,615 shares of the company’s stock worth $456,830,000 after buying an additional 4,214,562 shares in the last quarter. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

News Price Performance

NWSA stock opened at $25.70 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.70 and a quick ratio of 1.59. The business has a 50 day simple moving average of $26.06 and a 200-day simple moving average of $25.46. The firm has a market capitalization of $14.07 billion, a PE ratio of 12.79 and a beta of 0.88. News Corporation has a 1 year low of $22.20 and a 1 year high of $31.61.

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