News Co. (NASDAQ:NWSA) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its holdings in News Co. (NASDAQ:NWSAGet Rating) by 8.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,383 shares of the company’s stock after acquiring an additional 1,845 shares during the quarter. Daiwa Securities Group Inc.’s holdings in News were worth $518,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of NWSA. Contour Asset Management LLC lifted its stake in shares of News by 31.8% in the fourth quarter. Contour Asset Management LLC now owns 12,156,933 shares of the company’s stock worth $271,221,000 after acquiring an additional 2,934,958 shares in the last quarter. Incline Global Management LLC acquired a new position in shares of News in the fourth quarter worth about $40,987,000. River Road Asset Management LLC lifted its stake in shares of News by 41.5% in the fourth quarter. River Road Asset Management LLC now owns 5,593,458 shares of the company’s stock worth $124,790,000 after acquiring an additional 1,640,524 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of News by 66.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 3,074,544 shares of the company’s stock worth $68,593,000 after acquiring an additional 1,225,694 shares in the last quarter. Finally, 59 North Capital Management LP lifted its stake in shares of News by 133.1% in the fourth quarter. 59 North Capital Management LP now owns 2,045,779 shares of the company’s stock worth $45,641,000 after acquiring an additional 1,168,048 shares in the last quarter. Institutional investors and hedge funds own 63.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. TheStreet cut News from a “b” rating to a “c” rating in a research note on Thursday, May 5th. Guggenheim lowered their price objective on News from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday. Finally, StockNews.com lowered News from a “buy” rating to a “hold” rating in a report on Friday.

News Stock Up 0.3 %

Shares of News stock opened at $16.88 on Monday. The firm has a market cap of $9.89 billion, a P/E ratio of 19.86 and a beta of 1.31. The business has a 50-day moving average price of $16.36 and a 200 day moving average price of $19.69. News Co. has a fifty-two week low of $14.95 and a fifty-two week high of $26.42. The company has a quick ratio of 1.09, a current ratio of 1.18 and a debt-to-equity ratio of 0.27.

News (NASDAQ:NWSAGet Rating) last posted its earnings results on Thursday, May 5th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. News had a net margin of 4.89% and a return on equity of 6.35%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the company posted $0.09 earnings per share. On average, sell-side analysts forecast that News Co. will post 0.86 earnings per share for the current fiscal year.

News Profile

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News Corporation, a media and information services company, focuses on creating and distributing content for consumers and businesses worldwide. It operates in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and Investor's Business Daily through various media channels, such as newspapers, newswires, websites, applications for mobile devices, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, videos, and podcasts.

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Institutional Ownership by Quarter for News (NASDAQ:NWSA)

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