Metropolis Capital Ltd Has $134.65 Million Holdings in News Co. (NASDAQ:NWSA)

Metropolis Capital Ltd grew its position in shares of News Co. (NASDAQ:NWSA - Free Report) by 11.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,946,609 shares of the company's stock after acquiring an additional 504,751 shares during the quarter. News accounts for approximately 5.0% of Metropolis Capital Ltd's portfolio, making the stock its 10th largest holding. Metropolis Capital Ltd owned about 0.87% of News worth $134,647,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in News by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 50,952,317 shares of the company's stock worth $1,403,227,000 after buying an additional 632,721 shares in the last quarter. Independent Franchise Partners LLP boosted its stake in shares of News by 11.8% during the fourth quarter. Independent Franchise Partners LLP now owns 26,617,259 shares of the company's stock valued at $733,039,000 after purchasing an additional 2,812,080 shares during the period. Dodge & Cox boosted its stake in shares of News by 12.0% during the fourth quarter. Dodge & Cox now owns 11,662,685 shares of the company's stock valued at $321,190,000 after purchasing an additional 1,245,278 shares during the period. Geode Capital Management LLC boosted its stake in shares of News by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 9,857,139 shares of the company's stock valued at $270,798,000 after purchasing an additional 234,893 shares during the period. Finally, 59 North Capital Management LP raised its holdings in shares of News by 40.2% during the fourth quarter. 59 North Capital Management LP now owns 8,962,112 shares of the company's stock valued at $246,817,000 after acquiring an additional 2,569,343 shares in the last quarter. 66.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NWSA has been the topic of a number of recent research reports. Wall Street Zen cut News from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Guggenheim reiterated a "buy" rating and issued a $45.00 target price on shares of News in a report on Thursday, May 15th. Finally, Morgan Stanley cut their price objective on News from $38.00 to $37.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. One equities research 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 stock. According to MarketBeat, News has a consensus rating of "Buy" and an average price target of $39.20.

News Trading Up 2.9%

NASDAQ NWSA traded up $0.80 during mid-day trading on Monday, reaching $28.22. 1,041,819 shares of the stock were exchanged, compared to its average volume of 2,865,022. The stock has a market capitalization of $15.97 billion, a PE ratio of 38.66 and a beta of 1.23. The business's fifty day simple moving average is $27.33 and its 200 day simple moving average is $27.75. News Co. has a 1-year low of $23.38 and a 1-year high of $30.69. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.73.

News (NASDAQ:NWSA - Get Free Report) last posted its earnings results 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). The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2 billion. News had a net margin of 4.22% and a return on equity of 5.31%. News's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 EPS. On average, research analysts anticipate that News Co. will post 0.94 earnings per share 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.