SG Americas Securities LLC Invests $875,000 in News Corporation (NASDAQ:NWSA)

SG Americas Securities LLC acquired a new position in shares of News Corporation (NASDAQ:NWSA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 32,154 shares of the company's stock, valued at approximately $875,000.

Several other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC grew its position in News by 2,392.9% during the 4th quarter. Larson Financial Group LLC now owns 1,047 shares of the company's stock worth $29,000 after acquiring an additional 1,005 shares during the last quarter. Optiver Holding B.V. bought a new stake in shares of News during the fourth quarter worth $31,000. Lee Danner & Bass Inc. acquired a new stake in shares of News in the fourth quarter valued at $36,000. Sentry Investment Management LLC bought a new position in shares of News in the first quarter valued at about $36,000. Finally, Smartleaf Asset Management LLC lifted its position in News by 49.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,989 shares of the company's stock worth $55,000 after buying an additional 660 shares in the last quarter. Institutional investors and hedge funds own 66.97% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Guggenheim restated a "buy" rating and issued a $45.00 price objective on shares of News in a research report on Thursday, May 15th. Morgan Stanley lowered their price target on shares of News from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Wall Street Zen downgraded News from a "buy" rating to a "hold" rating in a report on Friday, May 30th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, News presently has an average rating of "Buy" and an average price target of $39.20.

News Trading Up 1.0%

Shares of NASDAQ:NWSA traded up $0.29 during trading on Friday, hitting $28.35. 15,257,985 shares of the company's stock were exchanged, compared to its average volume of 2,914,663. The company has a current ratio of 1.68, a quick ratio of 1.60 and a debt-to-equity ratio of 0.21. The firm has a market cap of $16.05 billion, a P/E ratio of 32.97 and a beta of 1.23. The firm has a 50-day moving average price of $27.58 and a two-hundred day moving average price of $27.71. News Corporation has a 1-year low of $23.38 and a 1-year high of $30.69.

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

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.