Sei Investments Co. Boosts Holdings in News Corporation $NWS

Sei Investments Co. lifted its position in shares of News Corporation (NASDAQ:NWS) by 118.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 243,153 shares of the company’s stock after buying an additional 131,592 shares during the period. Sei Investments Co.’s holdings in News were worth $6,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Hartford Investment Management Co. lifted its holdings in News by 5.4% in the fourth quarter. Hartford Investment Management Co. now owns 7,212 shares of the company’s stock valued at $214,000 after acquiring an additional 369 shares during the last quarter. Meeder Advisory Services Inc. increased its stake in News by 5.3% during the first quarter. Meeder Advisory Services Inc. now owns 7,623 shares of the company’s stock worth $217,000 after acquiring an additional 384 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in News by 2.3% in the second quarter. CANADA LIFE ASSURANCE Co now owns 19,333 shares of the company’s stock valued at $664,000 after purchasing an additional 435 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of News by 11.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 4,454 shares of the company’s stock valued at $133,000 after purchasing an additional 440 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in shares of News by 5.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 10,449 shares of the company’s stock valued at $359,000 after purchasing an additional 554 shares during the last quarter. Hedge funds and other institutional investors own 14.63% of the company’s stock.

News Stock Performance

NASDAQ NWS opened at $31.79 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 company has a market cap of $17.40 billion, a P/E ratio of 15.82 and a beta of 0.88. The stock has a 50-day moving average of $30.32 and a two-hundred day moving average of $29.23. News Corporation has a 1-year low of $25.49 and a 1-year high of $35.58.

News (NASDAQ:NWS) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.07. News had a net margin of 12.92% and a return on equity of 6.12%. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.12 billion. As a group, analysts anticipate that News Corporation will post 1.1 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Zacks Research lowered shares of News from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Weiss Ratings raised shares of News from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

About News

News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.