Robeco Institutional Asset Management B.V. Buys 27,573 Shares of News Corporation (NASDAQ:NWSA)

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

Several other large investors have also added to or reduced their stakes in NWSA. SG Americas Securities LLC bought a new stake in News during the 1st quarter worth about $875,000. CX Institutional bought a new stake in News during the first quarter worth about $76,000. Sowell Financial Services LLC acquired a new position in News during the first quarter valued at approximately $200,000. Cyndeo Wealth Partners LLC bought a new position in News in the first quarter valued at approximately $257,000. Finally, Raymond James Financial Inc. acquired a new position in shares of News during the 4th quarter worth approximately $1,171,000. Institutional investors and hedge funds own 66.97% of the company's stock.

Wall Street Analysts Forecast Growth

NWSA has been the subject of several recent analyst reports. Wall Street Zen downgraded News from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Guggenheim reissued a "buy" rating and issued a $45.00 price objective on shares of News in a research report on Thursday, May 15th. Finally, Morgan Stanley dropped their target price on shares of News from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. One investment 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 company. Based on data from MarketBeat.com, News currently has a consensus rating of "Buy" and a consensus price target of $39.20.

News Stock Performance

NWSA stock traded down $0.15 during midday trading on Wednesday, reaching $29.59. 318,705 shares of the company were exchanged, compared to its average volume of 2,925,198. News Corporation has a one year low of $23.38 and a one year high of $30.69. The firm has a market capitalization of $16.75 billion, a price-to-earnings ratio of 34.39 and a beta of 1.23. The business has a 50-day moving average price of $28.07 and a two-hundred day moving average price of $27.73. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.68 and a quick ratio of 1.60.

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 net margin of 5.18% and a return on equity of 5.64%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the company earned $0.13 earnings per share. The firm's revenue was up .8% compared to the same quarter last year. Equities research analysts forecast 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.