Focus Partners Wealth Acquires Shares of 11,512 News Co. (NASDAQ:NWSA)

Focus Partners Wealth acquired a new position in shares of News Co. (NASDAQ:NWSA - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 11,512 shares of the company's stock, valued at approximately $317,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Emmett Investment Management LP bought a new position in News in the fourth quarter valued at approximately $3,123,000. Ethic Inc. grew its stake in News by 2.7% in the fourth quarter. Ethic Inc. now owns 23,629 shares of the company's stock valued at $651,000 after purchasing an additional 631 shares in the last quarter. FORA Capital LLC bought a new position in News in the fourth quarter valued at approximately $380,000. D. E. Shaw & Co. Inc. grew its stake in News by 29.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 332,061 shares of the company's stock valued at $9,145,000 after purchasing an additional 74,840 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in News by 291.2% in the fourth quarter. Deutsche Bank AG now owns 4,941,467 shares of the company's stock valued at $136,088,000 after purchasing an additional 3,678,215 shares in the last quarter. 66.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. UBS Group upgraded News from a "neutral" rating to a "buy" rating in a research note on Tuesday, February 4th. Guggenheim reiterated a "buy" rating and set a $45.00 target price on shares of News in a research note on Thursday, May 15th. Wall Street Zen upgraded News from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Seaport Res Ptn upgraded News to a "strong-buy" rating in a research note on Friday, January 31st. Finally, Morgan Stanley reduced their target price on News from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $39.20.

News Stock Performance

NWSA traded up $0.35 during trading on Tuesday, hitting $28.25. The stock had a trading volume of 4,883,678 shares, compared to its average volume of 2,823,092. The company has a 50 day moving average price of $26.93 and a 200-day moving average price of $27.87. The firm has a market cap of $15.99 billion, a price-to-earnings ratio of 38.70 and a beta of 1.30. News Co. has a one year low of $23.38 and a one year high of $30.69. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.65.

News (NASDAQ:NWSA - Get Free Report) last released its quarterly 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). The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2 billion. News had a net margin of 4.22% and a return on equity of 5.31%. The business's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 earnings per share. As a group, research analysts predict that News Co. will post 0.94 EPS for the current year.

News Company 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.