Graham Capital Management L.P. Decreases Stock Position in News Co. (NASDAQ:NWSA)

Graham Capital Management L.P. reduced its holdings in shares of News Co. (NASDAQ:NWSA - Free Report) by 12.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 227,307 shares of the company's stock after selling 33,109 shares during the period. Graham Capital Management L.P.'s holdings in News were worth $6,260,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in NWSA. Barclays PLC grew its holdings in shares of News by 124.0% in the third quarter. Barclays PLC now owns 14,713,823 shares of the company's stock worth $391,832,000 after purchasing an additional 8,144,856 shares during the last quarter. Miracle Mile Advisors LLC purchased a new stake in News in the fourth quarter worth $374,000. Principal Financial Group Inc. lifted its stake in News by 2.9% in the third quarter. Principal Financial Group Inc. now owns 435,388 shares of the company's stock worth $11,594,000 after acquiring an additional 12,345 shares during the period. Assenagon Asset Management S.A. raised its position in shares of News by 374.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,160,045 shares of the company's stock worth $59,488,000 after purchasing an additional 1,704,944 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of News by 204.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 344,043 shares of the company's stock worth $9,447,000 after purchasing an additional 231,056 shares during the last quarter. Institutional investors own 66.97% of the company's stock.

News Price Performance

NWSA stock traded down $0.01 during midday trading on Wednesday, hitting $28.22. The company's stock had a trading volume of 715,438 shares, compared to its average volume of 2,787,457. News Co. has a 12 month low of $23.38 and a 12 month high of $30.69. The company has a quick ratio of 1.65, a current ratio of 1.73 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $16.01 billion, a price-to-earnings ratio of 38.61 and a beta of 1.30. The company has a 50 day moving average of $26.72 and a two-hundred day moving average of $27.85.

News (NASDAQ:NWSA - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2 billion. News had a return on equity of 5.31% and a net margin of 4.22%. The company's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.13 earnings per share. On average, analysts expect that News Co. will post 0.94 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Guggenheim lifted their price target on News from $40.00 to $43.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Seaport Res Ptn raised News to a "strong-buy" rating in a research report on Friday, January 31st. Morgan Stanley decreased their target price on News from $38.00 to $37.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. StockNews.com raised News from a "hold" rating to a "buy" rating in a research report on Wednesday. Finally, UBS Group upgraded News from a "neutral" rating to a "buy" rating in a research note on Tuesday, February 4th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $38.80.

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.