Nomura Holdings Inc. Invests $344,000 in News Co. (NASDAQ:NWSA)

Nomura Holdings Inc. purchased a new stake in News Co. (NASDAQ:NWSA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,483 shares of the company's stock, valued at approximately $344,000.

Other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. lifted its position in shares of News by 1.9% during the 4th quarter. Franklin Resources Inc. now owns 21,962 shares of the company's stock valued at $605,000 after acquiring an additional 418 shares during the period. Ballentine Partners LLC raised its stake in News by 3.8% in the fourth quarter. Ballentine Partners LLC now owns 11,576 shares of the company's stock valued at $319,000 after purchasing an additional 422 shares in the last quarter. Boyar Asset Management Inc. lifted its position in News by 2.9% during the fourth quarter. Boyar Asset Management Inc. now owns 15,203 shares of the company's stock worth $419,000 after purchasing an additional 422 shares during the period. Principal Securities Inc. grew its stake in News by 18.5% during the fourth quarter. Principal Securities Inc. now owns 3,334 shares of the company's stock worth $92,000 after buying an additional 521 shares in the last quarter. Finally, Metis Global Partners LLC increased its holdings in News by 4.4% in the 4th quarter. Metis Global Partners LLC now owns 12,518 shares of the company's stock valued at $345,000 after buying an additional 533 shares during the period. 66.97% of the stock is currently owned by institutional investors.

News Price Performance

Shares of NWSA traded down $0.05 during trading hours on Wednesday, reaching $28.20. The stock had a trading volume of 342,977 shares, compared to its average volume of 2,813,389. 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 Co. has a 12 month low of $23.38 and a 12 month high of $30.69. The stock has a market capitalization of $15.96 billion, a PE ratio of 38.60 and a beta of 1.30. The company's 50-day moving average is $26.93 and its two-hundred day moving average is $27.87.

News (NASDAQ:NWSA - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.02). The firm had revenue of $2.01 billion for 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%. The business's revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 earnings per share. Research analysts expect that News Co. will post 0.94 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on NWSA. Seaport Res Ptn upgraded News to a "strong-buy" rating in a research note on Friday, January 31st. Guggenheim reissued a "buy" rating and set a $45.00 price target on shares of News in a report on Thursday, May 15th. Morgan Stanley reduced their price objective on News from $38.00 to $37.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Wall Street Zen raised News from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, UBS Group raised shares of News from a "neutral" rating to a "buy" rating in a report on Tuesday, February 4th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus 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.