Advantus Capital Management Inc increased its stake in shares of News Corporation (NASDAQ:NWSA) by 0.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 38,187 shares of the company’s stock after buying an additional 232 shares during the period. Advantus Capital Management Inc’s holdings in News Corporation were worth $496,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in NWSA. Ameritas Investment Partners Inc. bought a new position in shares of News Corporation during the first quarter valued at $118,000. Mn Services Vermogensbeheer B.V. boosted its position in News Corporation by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 9,869 shares of the company’s stock worth $120,000 after buying an additional 413 shares during the period. Vident Investment Advisory LLC acquired a new position in News Corporation during the fourth quarter worth approximately $129,000. Pacer Advisors Inc. boosted its position in News Corporation by 56.6% in the first quarter. Pacer Advisors Inc. now owns 10,662 shares of the company’s stock worth $139,000 after buying an additional 3,853 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in News Corporation during the fourth quarter worth approximately $142,000. 92.80% of the stock is owned by hedge funds and other institutional investors.
News Corporation (NWSA) traded down 0.94% during trading on Tuesday, hitting $13.65. The stock had a trading volume of 126,074 shares. The company has a 50-day moving average of $13.16 and a 200-day moving average of $12.60. News Corporation has a 52 week low of $10.54 and a 52 week high of $14.68. The stock’s market capitalization is $7.94 billion.
News Corporation (NASDAQ:NWSA) last issued its quarterly earnings data on Tuesday, May 9th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.03. News Corporation had a positive return on equity of 1.77% and a negative net margin of 2.64%. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the business posted $0.04 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. On average, equities analysts expect that News Corporation will post $0.37 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on the company. Jefferies Group LLC reissued a “buy” rating and set a $17.00 price target on shares of News Corporation in a report on Monday, May 22nd. Morgan Stanley reissued an “equal weight” rating and set a $15.00 price target on shares of News Corporation in a report on Monday, March 6th. Finally, Zacks Investment Research cut News Corporation from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. News Corporation has a consensus rating of “Hold” and an average price target of $14.75.
About News Corporation
News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.
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