Cerity Partners LLC Buys 9,648 Shares of News Corporation (NASDAQ:NWSA)

Cerity Partners LLC lifted its holdings in shares of News Corporation (NASDAQ:NWSA - Free Report) by 13.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,586 shares of the company's stock after buying an additional 9,648 shares during the quarter. Cerity Partners LLC's holdings in News were worth $2,248,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NWSA. Raymond James Financial Inc. purchased a new stake in shares of News during the 4th quarter valued at approximately $1,171,000. Axxcess Wealth Management LLC boosted its holdings in News by 25.0% in the 4th quarter. Axxcess Wealth Management LLC now owns 15,006 shares of the company's stock valued at $413,000 after purchasing an additional 3,000 shares during the period. Royal London Asset Management Ltd. boosted its holdings in News by 19.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 174,438 shares of the company's stock valued at $4,804,000 after purchasing an additional 28,924 shares during the period. Teacher Retirement System of Texas boosted its holdings in News by 9.8% in the 4th quarter. Teacher Retirement System of Texas now owns 170,634 shares of the company's stock valued at $4,699,000 after purchasing an additional 15,294 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in News by 10.7% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 91,205 shares of the company's stock valued at $2,512,000 after purchasing an additional 8,847 shares during the period. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

News Stock Down 1.0%

NWSA opened at $29.86 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.68 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average price of $28.64 and a 200-day moving average price of $27.88. News Corporation has a twelve month low of $23.38 and a twelve month high of $30.75. The stock has a market capitalization of $16.90 billion, a price-to-earnings ratio of 34.72 and a beta of 1.23.

News (NASDAQ:NWSA - Get Free Report) last announced 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). The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2 billion. News had a net margin of 5.18% and a return on equity of 5.64%. The business's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 earnings per share. Equities research analysts forecast that News Corporation will post 0.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NWSA. Wall Street Zen cut shares of News from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Guggenheim reissued a "buy" rating and issued a $45.00 price target on shares of News in a report on Thursday, May 15th. Finally, Morgan Stanley cut their price target 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. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $39.20.

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.

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