20,666 Shares in News Corporation (NASDAQ:NWSA) Bought by MQS Management LLC

MQS Management LLC purchased a new position in shares of News Corporation (NASDAQ:NWSA - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 20,666 shares of the company's stock, valued at approximately $563,000.

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

News Stock Performance

NASDAQ:NWSA traded up $0.21 during mid-day trading on Wednesday, hitting $29.88. 2,627,763 shares of the stock were exchanged, compared to its average volume of 2,930,883. The stock has a market capitalization of $16.92 billion, a price-to-earnings ratio of 34.74 and a beta of 1.23. The firm's 50-day simple moving average is $28.57 and its 200 day simple moving average is $27.84. 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 fifty-two week low of $23.38 and a fifty-two week high of $30.75.

News (NASDAQ:NWSA - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.17 earnings per share 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 firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the previous year, the business posted $0.13 earnings per share. The business's revenue for the quarter was up .8% on a year-over-year basis. As a group, equities analysts anticipate that News Corporation will post 0.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NWSA. Guggenheim reiterated a "buy" rating and set a $45.00 price objective on shares of News in a report on Thursday, May 15th. Morgan Stanley decreased their price target on News from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, Wall Street Zen downgraded 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 issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $39.20.

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.