Flossbach Von Storch SE Invests $445,000 in News Corporation (NASDAQ:NWSA)

Flossbach Von Storch SE bought a new stake in shares of News Corporation (NASDAQ:NWSA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 16,355 shares of the company's stock, valued at approximately $445,000.

Other hedge funds have also made changes to their positions in the company. Larson Financial Group LLC increased its stake in News by 2,392.9% in the 4th quarter. Larson Financial Group LLC now owns 1,047 shares of the company's stock valued at $29,000 after buying an additional 1,005 shares during the period. Optiver Holding B.V. acquired a new position in shares of News in the fourth quarter worth $31,000. Lee Danner & Bass Inc. purchased a new stake in shares of News during the fourth quarter worth $36,000. Sentry Investment Management LLC acquired a new stake in News during the first quarter valued at $36,000. Finally, Smartleaf Asset Management LLC increased its position in News by 49.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,989 shares of the company's stock worth $55,000 after purchasing an additional 660 shares during the last quarter. 66.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Morgan Stanley reduced 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. Guggenheim reissued a "buy" rating and issued 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $39.20.

News Stock Performance

NWSA traded down $0.08 during trading on Wednesday, hitting $29.39. The stock had a trading volume of 1,722,246 shares, compared to its average volume of 2,936,326. The firm has a market cap of $16.64 billion, a PE ratio of 34.17 and a beta of 1.23. The company has a current ratio of 1.68, a quick ratio of 1.60 and a debt-to-equity ratio of 0.21. News Corporation has a 12 month low of $23.38 and a 12 month high of $30.69. The company has a 50 day simple moving average of $28.32 and a 200-day simple moving average of $27.77.

News (NASDAQ:NWSA - Get Free Report) last posted 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). News had a return on equity of 5.64% and a net margin of 5.18%. The business had revenue of $2.01 billion during 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 company's revenue for the quarter was up .8% on a year-over-year basis. Analysts expect that News Corporation will post 0.94 EPS for the current 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.