Asset Management One Co. Ltd. Raises Stock Position in News Corporation (NASDAQ:NWSA)

Asset Management One Co. Ltd. raised its stake in News Corporation (NASDAQ:NWSA - Free Report) by 24.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 189,214 shares of the company's stock after acquiring an additional 37,521 shares during the quarter. Asset Management One Co. Ltd.'s holdings in News were worth $5,150,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC grew its position in shares of News by 2,392.9% during the 4th quarter. Larson Financial Group LLC now owns 1,047 shares of the company's stock worth $29,000 after purchasing an additional 1,005 shares in the last quarter. Optiver Holding B.V. acquired a new stake in shares of News during the 4th quarter worth approximately $31,000. Lee Danner & Bass Inc. acquired a new position in News during the fourth quarter worth about $36,000. Sentry Investment Management LLC bought a new position in News in the 1st quarter valued at approximately $36,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of 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 during the last quarter. 66.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NWSA has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of News from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Morgan Stanley cut their price objective on shares of News from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Guggenheim reiterated a "buy" rating and issued a $45.00 target price on shares of News in a research note on Thursday, May 15th. One 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 stock. Based on data from MarketBeat, News has a consensus rating of "Buy" and a consensus price target of $39.20.

News Price Performance

Shares of NASDAQ NWSA traded down $0.22 during mid-day trading on Wednesday, reaching $29.52. The company's stock had a trading volume of 1,241,905 shares, compared to its average volume of 2,928,715. The stock has a fifty day moving average of $28.07 and a two-hundred day moving average of $27.73. The firm has a market capitalization of $16.71 billion, a PE ratio of 34.32 and a beta of 1.23. News Corporation has a 52 week low of $23.38 and a 52 week high of $30.69. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.68 and a quick ratio of 1.60.

News (NASDAQ:NWSA - Get Free Report) last posted its quarterly 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 return on equity of 5.64% and a net margin of 5.18%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the previous year, the company earned $0.13 earnings per share. The company's revenue for the quarter was up .8% compared to the same quarter last year. As a group, sell-side analysts anticipate that News Corporation will post 0.94 EPS for the current fiscal year.

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.