74,965 Shares in News Co. (NASDAQ:NWSA) Bought by J. Goldman & Co LP

J. Goldman & Co LP acquired a new position in shares of News Co. (NASDAQ:NWSA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 74,965 shares of the company's stock, valued at approximately $2,065,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of News by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 50,952,317 shares of the company's stock worth $1,403,227,000 after purchasing an additional 632,721 shares in the last quarter. Independent Franchise Partners LLP raised its stake in shares of News by 11.8% during the fourth quarter. Independent Franchise Partners LLP now owns 26,617,259 shares of the company's stock worth $733,039,000 after acquiring an additional 2,812,080 shares in the last quarter. Barclays PLC raised its stake in shares of News by 124.0% during the third quarter. Barclays PLC now owns 14,713,823 shares of the company's stock worth $391,832,000 after acquiring an additional 8,144,856 shares in the last quarter. Dodge & Cox increased its stake in shares of News by 12.0% in the fourth quarter. Dodge & Cox now owns 11,662,685 shares of the company's stock worth $321,190,000 after buying an additional 1,245,278 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of News by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 9,857,139 shares of the company's stock worth $270,798,000 after buying an additional 234,893 shares during the period. Hedge funds and other institutional investors own 66.97% of the company's stock.

News Stock Performance

News stock traded down $0.12 during midday trading on Thursday, hitting $28.15. The stock had a trading volume of 2,999,638 shares, compared to its average volume of 2,798,127. The firm's fifty day moving average is $26.73 and its two-hundred day moving average is $27.85. The company has a market capitalization of $15.97 billion, a PE ratio of 38.56 and a beta of 1.30. News Co. has a 52-week low of $23.38 and a 52-week high of $30.69. The company has a current ratio of 1.73, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22.

News (NASDAQ:NWSA - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.02). News had a net margin of 4.22% and a return on equity of 5.31%. The company had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2 billion. During the same period last year, the business earned $0.13 earnings per share. The company's quarterly revenue was up .8% compared to the same quarter last year. On average, research analysts forecast that News Co. will post 0.94 EPS for the current year.

Wall Street Analysts Forecast Growth

NWSA has been the topic of several analyst reports. Seaport Res Ptn raised shares of News to a "strong-buy" rating in a research note on Friday, January 31st. StockNews.com upgraded shares of News from a "hold" rating to a "buy" rating in a research note on Wednesday. Morgan Stanley dropped their price target 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 upped their target price on shares of News from $40.00 to $43.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Finally, UBS Group upgraded shares of News from a "neutral" rating to a "buy" rating in a research note on Tuesday, February 4th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, News currently has a consensus rating of "Buy" and a consensus price target of $38.80.

News Company Profile

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.