Flossbach Von Storch SE Buys Shares of 16,355 News Corporation (NASDAQ:NWSA)

Flossbach Von Storch SE purchased a new stake in shares of News Corporation (NASDAQ:NWSA - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 16,355 shares of the company's stock, valued at approximately $445,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NWSA. Wealth Enhancement Advisory Services LLC boosted its position in News by 103.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,344 shares of the company's stock valued at $635,000 after buying an additional 11,898 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of News by 11.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,621 shares of the company's stock valued at $1,133,000 after acquiring an additional 4,332 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of News during the first quarter valued at approximately $875,000. CX Institutional bought a new position in shares of News during the first quarter valued at $76,000. Finally, Sowell Financial Services LLC bought a new position in News during the first quarter valued at approximately $200,000. Hedge funds and other institutional investors own 66.97% of the company's stock.

News Trading Up 0.3%

Shares of NWSA opened at $29.47 on Wednesday. The stock has a market cap of $16.68 billion, a price-to-earnings ratio of 34.27 and a beta of 1.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.68 and a quick ratio of 1.60. The firm has a 50 day simple moving average of $28.32 and a 200-day simple moving average of $27.77. News Corporation has a 1-year low of $23.38 and a 1-year high of $30.69.

News (NASDAQ:NWSA - Get Free Report) last posted its 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). The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2 billion. News had a net margin of 5.18% and a return on equity of 5.64%. The business's revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 EPS. Equities analysts forecast that News Corporation will post 0.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NWSA has been the subject of a number of recent analyst reports. Morgan Stanley dropped their price objective on News from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Wall Street Zen lowered shares of News from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, Guggenheim restated a "buy" rating and issued a $45.00 target price on shares of News in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, News presently has a consensus rating of "Buy" and an average 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.

Want to see what other hedge funds are holding NWSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for News Corporation (NASDAQ:NWSA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.