Robeco Institutional Asset Management B.V. Has $4.61 Million Stock Holdings in News Corporation (NASDAQ:NWSA)

Robeco Institutional Asset Management B.V. grew its position in News Corporation (NASDAQ:NWSA - Free Report) by 19.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 169,275 shares of the company's stock after acquiring an additional 27,573 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in News were worth $4,608,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of News during the first quarter valued at about $875,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of News by 103.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,344 shares of the company's stock valued at $635,000 after acquiring an additional 11,898 shares during the last quarter. CX Institutional acquired a new position in shares of News during the first quarter worth $76,000. Sowell Financial Services LLC bought a new stake in shares of News in the first quarter worth $200,000. Finally, Cyndeo Wealth Partners LLC acquired a new stake in News in the first quarter valued at $257,000. Institutional investors own 66.97% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Guggenheim restated a "buy" rating and set a $45.00 price objective on shares of News in a research report on Thursday, May 15th. Morgan Stanley dropped their price target on shares of News from $38.00 to $37.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, Wall Street Zen cut shares of News from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $39.20.

News Trading Down 1.2%

Shares of NWSA stock traded down $0.37 during trading hours on Friday, hitting $29.24. 1,405,234 shares of the company were exchanged, compared to its average volume of 2,937,125. The company has a 50 day simple moving average of $28.22 and a two-hundred day simple moving average of $27.75. The firm has a market cap of $16.55 billion, a P/E ratio of 34.00 and a beta of 1.23. 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 $30.69.

News (NASDAQ:NWSA - Get Free Report) last posted 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). News had a return on equity of 5.64% and a net margin of 5.18%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the business posted $0.13 earnings per share. The company's revenue for the quarter was up .8% compared to the same quarter last year. Equities analysts anticipate that News Corporation will post 0.94 EPS for the current year.

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.