XTX Topco Ltd Purchases Shares of 27,991 News Corporation (NASDAQ:NWSA)

XTX Topco Ltd acquired a new stake in News Corporation (NASDAQ:NWSA - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 27,991 shares of the company's stock, valued at approximately $762,000.

A number of other institutional investors also recently modified their holdings of NWSA. Norden Group LLC bought a new position in News during the first quarter worth $201,000. Mackenzie Financial Corp raised its holdings in shares of News by 199.8% in the first quarter. Mackenzie Financial Corp now owns 1,033,054 shares of the company's stock valued at $28,120,000 after purchasing an additional 688,515 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in News by 7.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,505 shares of the company's stock worth $2,001,000 after buying an additional 4,933 shares during the last quarter. Empirical Finance LLC increased its holdings in News by 6.0% during the first quarter. Empirical Finance LLC now owns 13,793 shares of the company's stock worth $375,000 after buying an additional 782 shares during the last quarter. Finally, HB Wealth Management LLC increased its holdings in News by 9.4% during the first quarter. HB Wealth Management LLC now owns 8,293 shares of the company's stock worth $226,000 after buying an additional 716 shares during the last quarter. 66.97% of the stock is owned by institutional investors.

News Stock Up 1.4%

Shares of NASDAQ NWSA opened at $29.51 on Tuesday. 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 Corporation has a 52 week low of $23.38 and a 52 week high of $30.75. The firm's fifty day moving average is $28.90 and its 200 day moving average is $28.02. The company has a market cap of $16.71 billion, a price-to-earnings ratio of 34.31 and a beta of 1.23.

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). News had a return on equity of 5.64% and a net margin of 5.18%. The firm had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2 billion. During the same period in the previous year, the firm earned $0.13 earnings per share. The firm's quarterly revenue was up .8% compared to the same quarter last year. On average, equities research analysts expect that News Corporation will post 0.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.

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