Chicago Partners Investment Group LLC Invests $534,000 in News Corporation $NWSA

Chicago Partners Investment Group LLC purchased a new position in shares of News Corporation (NASDAQ:NWSA) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 20,040 shares of the company’s stock, valued at approximately $534,000.

Several other institutional investors also recently bought and sold shares of NWSA. Caitong International Asset Management Co. Ltd acquired a new stake in shares of News in the 3rd quarter worth $31,000. CYBER HORNET ETFs LLC acquired a new stake in News in the second quarter valued at about $30,000. Advisory Services Network LLC acquired a new stake in News in the third quarter valued at about $35,000. Brown Brothers Harriman & Co. boosted its holdings in News by 154.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,285 shares of the company’s stock valued at $39,000 after purchasing an additional 780 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in News by 561.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,732 shares of the company’s stock worth $45,000 after purchasing an additional 1,470 shares during the period. 66.97% of the stock is owned by institutional investors and hedge funds.

News Stock Performance

NWSA opened at $28.43 on Friday. The stock has a market cap of $15.56 billion, a P/E ratio of 14.14 and a beta of 0.89. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.70 and a quick ratio of 1.59. The stock’s 50 day simple moving average is $26.38 and its 200 day simple moving average is $25.53. News Corporation has a 1-year low of $22.20 and a 1-year high of $31.61.

News (NASDAQ:NWSA) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.05. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.11 billion. News had a return on equity of 6.12% and a net margin of 12.92%.News’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 earnings per share. As a group, equities analysts anticipate that News Corporation will post 0.92 EPS for the current fiscal year.

Analyst Ratings Changes

NWSA has been the subject of a number of analyst reports. Zacks Research raised News from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Weiss Ratings upgraded News from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Wall Street Zen upgraded News from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Morgan Stanley reaffirmed an “overweight” rating and set a $34.00 price target on shares of News in a research note on Sunday, May 10th. Finally, Citigroup reduced their price objective on shares of News from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $37.14.

News Company Profile

News Corporation (NASDAQ: NWSA) is a global diversified media and information services company headquartered in New York City. It operates through two principal segments: News and Information Services, and Digital Real Estate Services. The company’s news and information division oversees a portfolio of leading newspapers, magazines and digital platforms, offering content across print and online channels. Its properties include Dow Jones, publisher of The Wall Street Journal and Barron’s, News UK titles such as The Times and The Sun, as well as News Corp Australia mastheads.

In addition to its journalism assets, News Corp is a significant player in book publishing through HarperCollins, one of the world’s largest consumer publishers.