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

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

A number of other institutional investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its stake in shares of News by 49.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,989 shares of the company's stock valued at $55,000 after buying an additional 660 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of News during the fourth quarter valued at about $2,726,000. Raymond James Financial Inc. acquired a new position in shares of News during the fourth quarter valued at about $1,171,000. Edgestream Partners L.P. acquired a new position in shares of News during the fourth quarter valued at about $732,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of News by 10.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 48,314 shares of the company's stock valued at $1,331,000 after buying an additional 4,705 shares during the last quarter. Institutional investors and hedge funds own 66.97% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on NWSA shares. Morgan Stanley lowered 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 downgraded shares of News from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, Guggenheim reiterated a "buy" rating and issued a $45.00 price objective on shares of News in a research note on Thursday, May 15th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $39.20.

News Stock Performance

NWSA traded up $0.32 on Thursday, hitting $29.71. The company's stock had a trading volume of 672,886 shares, compared to its average volume of 2,926,415. The company's 50 day simple moving average is $28.36 and its 200-day simple moving average is $27.78. The firm has a market cap of $16.82 billion, a P/E ratio of 34.53 and a beta of 1.23. News Corporation has a 12 month low of $23.38 and a 12 month high of $30.69. The company has a quick ratio of 1.60, a current ratio of 1.68 and a debt-to-equity ratio of 0.21.

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

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.