Cwm LLC Buys 15,462 Shares of News Corporation (NASDAQ:NWSA)

CWM LLC increased its holdings in shares of News Corporation (NASDAQ:NWSA - Free Report) by 161.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,054 shares of the company's stock after acquiring an additional 15,462 shares during the quarter. CWM LLC's holdings in News were worth $682,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in NWSA. Norges Bank bought a new position in News during the 4th quarter valued at approximately $172,357,000. Asset Value Investors Ltd purchased a new stake in News during the 4th quarter valued at $122,391,000. Deutsche Bank AG grew its holdings in shares of News by 291.2% in the fourth quarter. Deutsche Bank AG now owns 4,941,467 shares of the company's stock worth $136,088,000 after acquiring an additional 3,678,215 shares during the period. Independent Franchise Partners LLP lifted its position in News by 11.8% during the fourth quarter. Independent Franchise Partners LLP now owns 26,617,259 shares of the company's stock valued at $733,039,000 after purchasing an additional 2,812,080 shares in the last quarter. Finally, 59 North Capital Management LP lifted its position in shares of News by 40.2% in the fourth quarter. 59 North Capital Management LP now owns 8,962,112 shares of the company's stock valued at $246,817,000 after acquiring an additional 2,569,343 shares in the last quarter. 66.97% of the stock is currently owned by institutional investors.

News Trading Up 0.6%

Shares of NASDAQ NWSA traded up $0.18 during mid-day trading on Friday, hitting $29.53. The company's stock had a trading volume of 2,332,362 shares, compared to its average volume of 3,291,737. The stock has a market cap of $16.72 billion, a price-to-earnings ratio of 34.34 and a beta of 1.23. The company's fifty day simple moving average is $28.72 and its 200-day simple moving average is $27.92. 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 Corporation has a one year low of $23.38 and a one year high of $30.75.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NWSA shares. Morgan Stanley cut their target price on News from $38.00 to $37.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Guggenheim restated a "buy" rating and set a $45.00 target price on shares of News in a research report on Thursday, May 15th. Finally, Wall Street Zen lowered shares of News from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price 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.