Flossbach Von Storch SE Takes Position in News Corporation (NASDAQ:NWSA)

Flossbach Von Storch SE acquired a new position in shares of News Corporation (NASDAQ:NWSA - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 16,355 shares of the company's stock, valued at approximately $445,000.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NWSA. Wall Street Zen downgraded shares of News from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Guggenheim reissued a "buy" rating and set a $45.00 price target on shares of News in a report on Thursday, May 15th. Finally, Morgan Stanley lowered their price target on News from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Friday, April 11th. One investment 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. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $39.20.

News Trading Down 0.4%

Shares of NASDAQ:NWSA traded down $0.12 during trading on Friday, reaching $29.54. The stock had a trading volume of 1,793,876 shares, compared to its average volume of 2,934,107. The stock has a market cap of $16.72 billion, a price-to-earnings ratio of 34.35 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 firm's fifty day moving average is $28.41 and its 200 day moving average is $27.80. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.60 and a current ratio of 1.68.

News (NASDAQ:NWSA - Get Free Report) last issued 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). 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 company earned $0.13 earnings per share. The firm's revenue was up .8% compared to the same quarter last year. As a group, equities analysts forecast 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.