Tidal Investments LLC Has $253,000 Position in News Co. (NASDAQ:NWSA)

Tidal Investments LLC cut its stake in News Co. (NASDAQ:NWSA - Free Report) by 58.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,196 shares of the company's stock after selling 12,854 shares during the period. Tidal Investments LLC's holdings in News were worth $253,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Larson Financial Group LLC boosted its position in News by 2,392.9% in the fourth quarter. Larson Financial Group LLC now owns 1,047 shares of the company's stock valued at $29,000 after buying an additional 1,005 shares in the last quarter. Optiver Holding B.V. bought a new stake in News during the 4th quarter worth approximately $31,000. Lee Danner & Bass Inc. acquired a new stake in News during the 4th quarter valued at $36,000. R Squared Ltd bought a new position in News in the 4th quarter valued at $49,000. Finally, Smartleaf Asset Management LLC boosted its stake in News by 49.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,989 shares of the company's stock worth $55,000 after purchasing an additional 660 shares in the last quarter. Institutional investors own 66.97% of the company's stock.

News Trading Up 0.1%

Shares of NASDAQ:NWSA traded up $0.02 during midday trading on Wednesday, hitting $27.96. The company had a trading volume of 406,650 shares, compared to its average volume of 2,837,737. The firm has a fifty day simple moving average of $27.02 and a 200 day simple moving average of $27.84. The stock has a market cap of $15.83 billion, a price-to-earnings ratio of 38.25 and a beta of 1.30. The company has a current ratio of 1.73, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22. News Co. has a 12 month low of $23.38 and a 12 month high of $30.69.

News (NASDAQ:NWSA - Get Free Report) last announced 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). The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2 billion. News had a net margin of 4.22% and a return on equity of 5.31%. The business's revenue was up .8% compared to the same quarter last year. During the same period last year, the company earned $0.13 earnings per share. On average, analysts predict that News Co. will post 0.94 EPS for the current year.

Wall Street Analysts Forecast Growth

NWSA has been the topic of several research analyst reports. UBS Group raised shares of News from a "neutral" rating to a "buy" rating in a research note on Tuesday, February 4th. Wall Street Zen lowered News from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Guggenheim restated a "buy" rating and set a $45.00 target price on shares of News in a research report on Thursday, May 15th. Finally, Morgan Stanley decreased their price target on News from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $39.20.

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.