News Co. (NASDAQ:NWSA) Position Raised by Quadrant Capital Group LLC

Quadrant Capital Group LLC increased its position in shares of News Co. (NASDAQ:NWSA) by 36.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,633 shares of the company’s stock after purchasing an additional 1,518 shares during the period. Quadrant Capital Group LLC’s holdings in News were worth $138,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. USA Financial Formulas bought a new stake in News during the fourth quarter worth approximately $1,436,000. Ieq Capital LLC bought a new position in shares of News in the third quarter valued at $253,000. Charles Schwab Investment Management Inc. increased its holdings in shares of News by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,203,777 shares of the company’s stock valued at $103,203,000 after buying an additional 62,805 shares in the last quarter. Desjardins Global Asset Management Inc. increased its holdings in shares of News by 1,732.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 96,898 shares of the company’s stock valued at $2,379,000 after buying an additional 91,610 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of News by 321.4% in the third quarter. The Manufacturers Life Insurance Company now owns 1,155,073 shares of the company’s stock valued at $23,171,000 after buying an additional 880,977 shares in the last quarter. Institutional investors own 66.97% of the company’s stock.

News Trading Down 1.3 %

NASDAQ NWSA opened at $25.95 on Thursday. News Co. has a twelve month low of $18.09 and a twelve month high of $28.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.25 and a current ratio of 1.36. The stock has a market cap of $14.82 billion, a price-to-earnings ratio of 72.08 and a beta of 1.35. The firm’s 50 day moving average price is $25.19 and its two-hundred day moving average price is $24.41.

News (NASDAQ:NWSA) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. News had a net margin of 2.09% and a return on equity of 4.28%. The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the previous year, the company posted $0.09 EPS. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. Equities analysts anticipate that News Co. will post 0.68 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. TheStreet raised News from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Macquarie raised News from a “neutral” rating to an “outperform” rating in a report on Thursday, February 8th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, News presently has an average rating of “Buy” and a consensus price target of $29.50.

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