News Corporation (NASDAQ:NWSA) Holdings Cut by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. reduced its position in News Corporation (NASDAQ:NWSA - Free Report) by 9.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 135,400 shares of the company's stock after selling 14,900 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in News were worth $3,686,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of News during the 4th quarter worth approximately $172,357,000. Asset Value Investors Ltd purchased a new position in shares of News during the 4th quarter worth $122,391,000. Deutsche Bank AG lifted its stake in shares of News by 291.2% during the 4th quarter. Deutsche Bank AG now owns 4,941,467 shares of the company's stock worth $136,088,000 after purchasing an additional 3,678,215 shares during the period. Independent Franchise Partners LLP increased its holdings in shares of News by 11.8% during the 4th quarter. Independent Franchise Partners LLP now owns 26,617,259 shares of the company's stock worth $733,039,000 after buying an additional 2,812,080 shares during the last quarter. Finally, 59 North Capital Management LP increased its holdings in shares of News by 40.2% during the 4th quarter. 59 North Capital Management LP now owns 8,962,112 shares of the company's stock worth $246,817,000 after buying an additional 2,569,343 shares during the last quarter. Institutional investors and hedge funds own 66.97% of the company's stock.

News Stock Up 1.0%

Shares of NWSA stock traded up $0.29 during trading hours on Friday, hitting $28.35. 15,257,985 shares of the company were exchanged, compared to its average volume of 2,914,663. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.60 and a current ratio of 1.68. News Corporation has a one year low of $23.38 and a one year high of $30.69. The business's 50-day simple moving average is $27.58 and its two-hundred day simple moving average is $27.71. The stock has a market capitalization of $16.05 billion, a price-to-earnings ratio of 32.97 and a beta of 1.23.

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

Analyst Ratings Changes

Several analysts recently issued reports on NWSA shares. Morgan Stanley lowered 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. Wall Street Zen downgraded News from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, Guggenheim restated a "buy" rating and set a $45.00 target price 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 issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $39.20.

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.