News Co. (NASDAQ:NWS) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers grew its holdings in shares of News Co. (NASDAQ:NWS) by 22.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,171 shares of the company’s stock after purchasing an additional 6,821 shares during the period. Cetera Investment Advisers’ holdings in News were worth $1,131,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wilmington Savings Fund Society FSB grew its position in shares of News by 123.7% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 935 shares of the company’s stock worth $28,000 after acquiring an additional 517 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of News by 136.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,217 shares of the company’s stock worth $37,000 after acquiring an additional 702 shares during the last quarter. ExodusPoint Capital Management LP bought a new position in shares of News during the fourth quarter worth about $43,000. Harvest Fund Management Co. Ltd grew its position in shares of News by 2,892.8% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 2,065 shares of the company’s stock worth $61,000 after acquiring an additional 1,996 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its position in shares of News by 22.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 2,668 shares of the company’s stock worth $82,000 after acquiring an additional 497 shares during the last quarter. 14.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Seaport Res Ptn upgraded shares of News to a “strong-buy” rating in a research report on Friday, January 31st.

News Stock Performance

Shares of NWS opened at $31.98 on Friday. The firm has a 50-day moving average price of $30.87 and a 200 day moving average price of $31.43. The firm has a market capitalization of $18.10 billion, a PE ratio of 43.81 and a beta of 1.28. The company has a quick ratio of 1.65, a current ratio of 1.73 and a debt-to-equity ratio of 0.22. News Co. has a 52-week low of $26.04 and a 52-week high of $35.25.

News (NASDAQ:NWS) last announced its earnings results on Thursday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2 billion. News had a net margin of 4.22% and a return on equity of 5.31%. On average, sell-side analysts anticipate that News Co. will post 1.03 earnings per share for the current fiscal year.

News 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.