Universal Beteiligungs und Servicegesellschaft mbH Makes New $2.46 Million Investment in News Co. (NASDAQ:NWSA)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in News Co. (NASDAQ:NWSA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 89,310 shares of the company's stock, valued at approximately $2,460,000.

Several other large investors also recently made changes to their positions in the business. Larson Financial Group LLC lifted its stake in News by 2,392.9% in the fourth quarter. Larson Financial Group LLC now owns 1,047 shares of the company's stock valued at $29,000 after buying an additional 1,005 shares during the period. Optiver Holding B.V. acquired a new stake in shares of News in the 4th quarter valued at approximately $31,000. Lee Danner & Bass Inc. acquired a new position in shares of News during the 4th quarter worth about $36,000. Smartleaf Asset Management LLC boosted its stake in shares of News by 49.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,989 shares of the company's stock worth $55,000 after acquiring an additional 660 shares during the period. Finally, Principal Securities Inc. raised its position in shares of News by 18.5% in the fourth quarter. Principal Securities Inc. now owns 3,334 shares of the company's stock valued at $92,000 after purchasing an additional 521 shares during the period. Institutional investors own 66.97% of the company's stock.

News Trading Down 0.3%

NWSA stock traded down $0.09 during trading on Wednesday, reaching $27.85. The company had a trading volume of 2,586,279 shares, compared to its average volume of 2,846,147. News Co. has a 52 week low of $23.38 and a 52 week high of $30.69. The business has a 50 day moving average of $27.02 and a 200 day moving average of $27.84. 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 company has a market cap of $15.77 billion, a P/E ratio of 38.15 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 (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). News had a return on equity of 5.31% and a net margin of 4.22%. The firm had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2 billion. During the same period last year, the firm posted $0.13 earnings per share. The firm's quarterly revenue was up .8% on a year-over-year basis. As a group, sell-side analysts forecast that News Co. will post 0.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NWSA shares. UBS Group raised News from a "neutral" rating to a "buy" rating in a research note on Tuesday, February 4th. Guggenheim reissued a "buy" rating and issued a $45.00 price target on shares of News in a research note on Thursday, May 15th. Wall Street Zen downgraded News from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, Morgan Stanley cut their target price 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. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $39.20.

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.