Bayforest Capital Ltd acquired a new stake in shares of News Corporation (NASDAQ:NWSA - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,925 shares of the company's stock, valued at approximately $515,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of NWSA. Optiver Holding B.V. acquired a new stake in News during the fourth quarter valued at approximately $31,000. Sentry Investment Management LLC acquired a new stake in News during the first quarter valued at approximately $36,000. CX Institutional acquired a new stake in News during the first quarter valued at approximately $76,000. Versant Capital Management Inc raised its stake in News by 714.9% during the first quarter. Versant Capital Management Inc now owns 4,433 shares of the company's stock valued at $121,000 after buying an additional 3,889 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its stake in News by 53.3% during the first quarter. Central Pacific Bank Trust Division now owns 4,600 shares of the company's stock valued at $125,000 after buying an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 66.97% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on NWSA. Wall Street Zen cut News from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Guggenheim reiterated a "buy" rating and set a $45.00 price target on shares of News in a research report on Thursday, May 15th. Finally, Morgan Stanley dropped their price target on News from $38.00 to $37.00 and set an "overweight" rating on the stock 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $39.20.
Check Out Our Latest Report on News
News Stock Performance
NWSA stock traded down $0.23 on Friday, reaching $29.09. The company's stock had a trading volume of 2,872,101 shares, compared to its average volume of 2,411,190. News Corporation has a 52 week low of $23.38 and a 52 week high of $30.75. The company has a market capitalization of $16.47 billion, a P/E ratio of 33.83 and a beta of 1.23. The firm has a fifty day moving average of $28.87 and a two-hundred day moving average of $28.00. 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 released its quarterly earnings data 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 company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the business earned $0.13 earnings per share. The business's revenue was up .8% compared to the same quarter last year. As a group, analysts predict that News Corporation will post 0.94 EPS for the current fiscal year.
About News
(
Free Report)
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.
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