Emmett Investment Management LP Makes New Investment in News Co. (NASDAQ:NWSA)

Emmett Investment Management LP acquired a new position in shares of News Co. (NASDAQ:NWSA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 113,409 shares of the company's stock, valued at approximately $3,123,000. News accounts for about 2.8% of Emmett Investment Management LP's holdings, making the stock its 16th largest holding.

Several other large investors have also modified their holdings of the company. Ethic Inc. increased its stake in shares of News by 2.7% in the fourth quarter. Ethic Inc. now owns 23,629 shares of the company's stock worth $651,000 after purchasing an additional 631 shares during the period. FORA Capital LLC bought a new position in shares of News in the fourth quarter worth about $380,000. D. E. Shaw & Co. Inc. increased its stake in shares of News by 29.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 332,061 shares of the company's stock worth $9,145,000 after purchasing an additional 74,840 shares during the period. Deutsche Bank AG increased its stake in shares of News by 291.2% in the fourth quarter. Deutsche Bank AG now owns 4,941,467 shares of the company's stock worth $136,088,000 after purchasing an additional 3,678,215 shares during the period. Finally, Contour Asset Management LLC increased its stake in shares of News by 21.1% in the fourth quarter. Contour Asset Management LLC now owns 5,382,702 shares of the company's stock worth $148,240,000 after purchasing an additional 936,702 shares during the period. 66.97% of the stock is owned by institutional investors.

News Price Performance

Shares of News stock traded down $0.42 during trading on Friday, hitting $28.06. 4,454,906 shares of the company's stock traded hands, compared to its average volume of 2,790,913. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.65. The firm's fifty day moving average price is $26.72 and its 200 day moving average price is $27.83. News Co. has a twelve month low of $23.38 and a twelve month high of $30.69. The company has a market cap of $15.92 billion, a PE ratio of 38.44 and a beta of 1.30.

News (NASDAQ:NWSA - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). News had a net margin of 4.22% and a return on equity of 5.31%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter last year, the firm posted $0.13 earnings per share. News's revenue was up .8% on a year-over-year basis. Analysts forecast that News Co. will post 0.94 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NWSA. Morgan Stanley dropped their price objective on News from $38.00 to $37.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Guggenheim lifted their price objective on News from $40.00 to $43.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. StockNews.com downgraded News from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. UBS Group upgraded News from a "neutral" rating to a "buy" rating in a research note on Tuesday, February 4th. Finally, Seaport Res Ptn raised News to a "strong-buy" rating in a report on Friday, January 31st. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $38.80.

About News

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.