GAMMA Investing LLC Invests $88,000 in News Co. (NASDAQ:NWSA)

GAMMA Investing LLC acquired a new stake in News Co. (NASDAQ:NWSA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,560 shares of the company’s stock, valued at approximately $88,000.

Several other institutional investors have also modified their holdings of NWSA. Lindbrook Capital LLC lifted its holdings in shares of News by 153.1% in the fourth quarter. Lindbrook Capital LLC now owns 1,635 shares of the company’s stock valued at $40,000 after buying an additional 989 shares during the period. Financial Management Professionals Inc. acquired a new stake in shares of News in the fourth quarter valued at $49,000. Blue Trust Inc. lifted its holdings in shares of News by 65.1% in the fourth quarter. Blue Trust Inc. now owns 2,655 shares of the company’s stock valued at $65,000 after buying an additional 1,047 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of News by 120.5% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,897 shares of the company’s stock valued at $71,000 after buying an additional 1,583 shares during the period. Finally, Banque Cantonale Vaudoise lifted its holdings in shares of News by 70.4% in the third quarter. Banque Cantonale Vaudoise now owns 5,869 shares of the company’s stock valued at $118,000 after buying an additional 2,425 shares during the period. Institutional investors and hedge funds own 66.97% of the company’s stock.

News Stock Down 0.2 %

NASDAQ:NWSA opened at $24.18 on Tuesday. The firm has a market capitalization of $13.81 billion, a price-to-earnings ratio of 60.45 and a beta of 1.33. News Co. has a 1-year low of $16.35 and a 1-year high of $28.00. The company has a current ratio of 1.44, a quick ratio of 1.33 and a debt-to-equity ratio of 0.33. The business’s fifty day moving average price is $25.58 and its 200 day moving average price is $23.96.

News (NASDAQ:NWSA) last issued its earnings results on Wednesday, February 7th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. News had a return on equity of 4.14% and a net margin of 2.29%. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the prior year, the firm posted $0.14 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts forecast that News Co. will post 0.71 earnings per share for the current fiscal year.

News Dividend Announcement

The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, April 10th. Shareholders of record on Wednesday, March 13th were given a $0.10 dividend. This represents a yield of 0.8%. The ex-dividend date was Tuesday, March 12th. News’s payout ratio is currently 50.00%.

Wall Street Analyst Weigh In

NWSA has been the subject of several analyst reports. Macquarie raised News from a “neutral” rating to an “outperform” rating in a report on Thursday, February 8th. TheStreet raised News from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Finally, StockNews.com raised News from a “hold” rating to a “buy” rating in a report on Friday, January 19th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $29.50.

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 in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.