OMERS ADMINISTRATION Corp Cuts Stock Holdings in News Co. (NASDAQ:NWSA)

OMERS ADMINISTRATION Corp lowered its position in shares of News Co. (NASDAQ:NWSA - Free Report) by 40.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 15,844 shares of the company's stock after selling 10,764 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in News were worth $436,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NWSA. Barclays PLC lifted its position in News by 124.0% during the 3rd quarter. Barclays PLC now owns 14,713,823 shares of the company's stock worth $391,832,000 after acquiring an additional 8,144,856 shares during the period. Principal Financial Group Inc. lifted its position in News by 2.9% during the 3rd quarter. Principal Financial Group Inc. now owns 435,388 shares of the company's stock worth $11,594,000 after acquiring an additional 12,345 shares during the period. Avanza Fonder AB acquired a new stake in News during the 4th quarter worth about $697,000. HB Wealth Management LLC acquired a new stake in News during the 4th quarter worth about $209,000. Finally, Clarius Group LLC acquired a new stake in News during the 4th quarter worth about $201,000. Institutional investors and hedge funds own 66.97% of the company's stock.

News Price Performance

Shares of News stock traded up $0.25 on Friday, hitting $27.90. The company's stock had a trading volume of 3,306,854 shares, compared to its average volume of 2,811,879. 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 1 year low of $23.38 and a 1 year high of $30.69. The firm has a fifty day moving average price of $26.89 and a 200-day moving average price of $27.89. The company has a market capitalization of $15.79 billion, a price-to-earnings ratio of 38.22 and a beta of 1.30.

News (NASDAQ:NWSA - Get Free Report) last announced 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 net margin of 4.22% and a return on equity of 5.31%. The business had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2 billion. During the same quarter in the prior year, the firm earned $0.13 EPS. News's revenue for the quarter was up .8% on a year-over-year basis. As a group, sell-side analysts anticipate that News Co. will post 0.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley decreased their price objective on News from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Guggenheim reissued a "buy" rating and issued a $45.00 price objective on shares of News in a report on Thursday, May 15th. Seaport Res Ptn raised News to a "strong-buy" rating in a report on Friday, January 31st. Wall Street Zen raised News from a "hold" rating to a "buy" rating in a report on Thursday. Finally, UBS Group raised News from a "neutral" rating to a "buy" rating in a report on Tuesday, February 4th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, News currently has a consensus rating of "Buy" and an average price target of $39.20.

News 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.