92,129 Shares in News Corporation (NASDAQ:NWSA) Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. bought a new position in shares of News Corporation (NASDAQ:NWSA - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 92,129 shares of the company's stock, valued at approximately $2,508,000.

A number of other hedge funds have also made changes to their positions in NWSA. Principal Securities Inc. increased its position in shares of News by 18.5% during the 4th quarter. Principal Securities Inc. now owns 3,334 shares of the company's stock worth $92,000 after purchasing an additional 521 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of News during the 4th quarter worth about $2,726,000. Metis Global Partners LLC increased its position in News by 4.4% in the 4th quarter. Metis Global Partners LLC now owns 12,518 shares of the company's stock valued at $345,000 after acquiring an additional 533 shares in the last quarter. Levin Capital Strategies L.P. increased its position in News by 18.3% in the 4th quarter. Levin Capital Strategies L.P. now owns 45,349 shares of the company's stock valued at $1,249,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in News by 49.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,989 shares of the company's stock valued at $55,000 after acquiring an additional 660 shares in the last quarter. Institutional investors and hedge funds own 66.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Wall Street Zen cut shares of News from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Guggenheim restated a "buy" rating and issued a $45.00 price objective on shares of News in a research report on Thursday, May 15th. Finally, Morgan Stanley lowered their price objective on shares of News from $38.00 to $37.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned 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.

News Trading Down 0.4%

Shares of NASDAQ:NWSA traded down $0.11 during trading on Friday, hitting $29.43. 5,140,097 shares of the company's stock were exchanged, compared to its average volume of 2,940,553. News Corporation has a 1-year low of $23.38 and a 1-year high of $30.69. The firm has a 50-day moving average price of $27.91 and a two-hundred day moving average price of $27.72. The company has a current ratio of 1.68, a quick ratio of 1.60 and a debt-to-equity ratio of 0.21. The firm has a market cap of $16.66 billion, a P/E ratio of 34.22 and a beta of 1.23.

News (NASDAQ:NWSA - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). News had a return on equity of 5.64% and a net margin of 5.18%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the prior year, the firm earned $0.13 EPS. The firm's quarterly revenue was up .8% compared to the same quarter last year. Equities analysts predict that News Corporation will post 0.94 earnings per share for the current year.

News 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.