Simon Quick Advisors LLC Takes $256,000 Position in News Corporation (NASDAQ:NWSA)

Simon Quick Advisors LLC acquired a new position in shares of News Corporation (NASDAQ:NWSA - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,407 shares of the company's stock, valued at approximately $256,000.

Other institutional investors also recently bought and sold shares of the company. CX Institutional purchased a new stake in shares of News in the first quarter valued at about $76,000. SG Americas Securities LLC acquired a new position in shares of News during the 1st quarter worth approximately $875,000. GAMMA Investing LLC lifted its stake in News by 10.3% in the 1st quarter. GAMMA Investing LLC now owns 9,058 shares of the company's stock valued at $247,000 after buying an additional 847 shares in the last quarter. City Holding Co. grew its holdings in News by 29.6% during the 1st quarter. City Holding Co. now owns 18,646 shares of the company's stock valued at $507,000 after buying an additional 4,254 shares during the last quarter. Finally, Park Avenue Securities LLC increased its position in News by 14.0% during the first quarter. Park Avenue Securities LLC now owns 14,299 shares of the company's stock worth $389,000 after buying an additional 1,759 shares in the last quarter. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on NWSA. 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 report on Friday, April 11th. Wall Street Zen lowered shares of News from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, Guggenheim reaffirmed a "buy" rating and set a $45.00 price target on shares of News in a research note on Thursday, May 15th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, News currently has a consensus rating of "Buy" and an average target price of $39.20.

News Trading Up 1.1%

Shares of NASDAQ:NWSA traded up $0.30 during midday trading on Wednesday, reaching $28.06. The company's stock had a trading volume of 3,067,645 shares, compared to its average volume of 2,883,508. The firm has a market cap of $15.89 billion, a price-to-earnings ratio of 32.63 and a beta of 1.23. The business has a 50 day moving average price of $27.49 and a 200 day moving average price of $27.75. News Corporation has a 1 year low of $23.38 and a 1 year high of $30.69. The company has a quick ratio of 1.60, a current ratio of 1.68 and a debt-to-equity ratio of 0.21.

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 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 business had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2 billion. During the same quarter last year, the firm earned $0.13 EPS. The firm's quarterly revenue was up .8% compared to the same quarter last year. Research analysts forecast that News Corporation will post 0.94 EPS 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.