News Co. (NASDAQ:NWSA) Shares Purchased by Twinbeech Capital LP

Twinbeech Capital LP raised its position in shares of News Co. (NASDAQ:NWSA - Free Report) by 1,748.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,708 shares of the company's stock after buying an additional 141,607 shares during the period. Twinbeech Capital LP's holdings in News were worth $4,123,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of NWSA. State of Wyoming purchased a new position in shares of News in the 4th quarter valued at about $254,000. Toronto Dominion Bank lifted its stake in News by 33.3% in the fourth quarter. Toronto Dominion Bank now owns 202,832 shares of the company's stock worth $5,586,000 after acquiring an additional 50,652 shares during the last quarter. Skye Global Management LP acquired a new position in News during the 4th quarter worth approximately $1,796,000. Royal Bank of Canada increased its position in shares of News by 145.5% in the 4th quarter. Royal Bank of Canada now owns 540,139 shares of the company's stock valued at $14,876,000 after purchasing an additional 320,084 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its holdings in shares of News by 12.6% in the 4th quarter. Rafferty Asset Management LLC now owns 32,888 shares of the company's stock valued at $906,000 after purchasing an additional 3,687 shares in the last quarter. Hedge funds and other institutional investors own 66.97% of the company's stock.

News Stock Performance

NASDAQ NWSA traded up $0.25 during trading hours on Monday, hitting $27.90. 3,306,854 shares of the stock were exchanged, compared to its average volume of 2,814,817. News Co. has a 12-month low of $23.38 and a 12-month high of $30.69. The stock has a 50-day moving average of $26.89 and a 200 day moving average of $27.88. The company has a market cap of $15.79 billion, a price-to-earnings ratio of 38.22 and a beta of 1.30. The company has a quick ratio of 1.65, a current ratio of 1.73 and a debt-to-equity ratio of 0.22.

News (NASDAQ:NWSA - Get Free Report) last issued its 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). The company had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2 billion. News had a return on equity of 5.31% and a net margin of 4.22%. News's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 earnings per share. As a group, equities research analysts forecast that News Co. will post 0.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NWSA. Guggenheim reiterated a "buy" rating and set a $45.00 target price on shares of News in a research note on Thursday, May 15th. Wall Street Zen upgraded News from a "hold" rating to a "buy" rating in a report on Thursday. Morgan Stanley lowered their price target on News from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Friday, April 11th. UBS Group raised shares of News from a "neutral" rating to a "buy" rating in a report on Tuesday, February 4th. Finally, Seaport Res Ptn upgraded shares of News to a "strong-buy" rating in a report on Friday, January 31st. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, News presently has a consensus rating of "Buy" and a consensus target price of $39.20.

About News

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.