News Corp Class A (NWSA) Shares Sold by Natixis

Natixis reduced its holdings in shares of News Corp Class A (NASDAQ:NWSA) by 45.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 52,650 shares of the company’s stock after selling 43,645 shares during the period. Natixis’ holdings in News Corp Class A were worth $832,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NWSA. Prudential Financial Inc. boosted its stake in shares of News Corp Class A by 361.9% during the 1st quarter. Prudential Financial Inc. now owns 2,444,331 shares of the company’s stock valued at $38,621,000 after buying an additional 1,915,162 shares during the last quarter. Independent Franchise Partners LLP lifted its stake in News Corp Class A by 22.6% during the fourth quarter. Independent Franchise Partners LLP now owns 6,537,054 shares of the company’s stock worth $105,965,000 after purchasing an additional 1,204,157 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its stake in News Corp Class A by 1,759.0% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 1,198,637 shares of the company’s stock worth $19,428,000 after purchasing an additional 1,134,160 shares during the last quarter. Mackay Shields LLC bought a new position in News Corp Class A during the first quarter worth $13,707,000. Finally, Amundi Pioneer Asset Management Inc. bought a new position in News Corp Class A during the fourth quarter worth $12,920,000. Institutional investors own 61.35% of the company’s stock.

Shares of News Corp Class A opened at $15.82 on Monday, according to MarketBeat. News Corp Class A has a 12-month low of $12.84 and a 12-month high of $17.29. The firm has a market cap of $9.20 billion, a P/E ratio of 43.94, a PEG ratio of 3.73 and a beta of 1.90. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.02.

News Corp Class A (NASDAQ:NWSA) last announced its quarterly earnings data on Thursday, May 10th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. News Corp Class A had a positive return on equity of 2.56% and a negative net margin of 18.69%. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same period last year, the business posted $0.07 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. analysts predict that News Corp Class A will post 0.44 EPS for the current fiscal year.

Several brokerages recently issued reports on NWSA. Zacks Investment Research cut News Corp Class A from a “buy” rating to a “sell” rating in a research note on Tuesday, April 17th. ValuEngine cut News Corp Class A from a “buy” rating to a “hold” rating in a research note on Saturday, May 12th. Finally, Loop Capital began coverage on News Corp Class A in a research note on Thursday, March 15th. They set a “hold” rating and a $17.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $17.00.

News Corp Class A Company Profile

News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates through News and Information Services, Book Publishing, Digital Real Estate Services, and Cable Network Programming segments. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, Dow Jones PEVC, and DJX through various media channels, such as newspapers, newswires, Websites, applications for mobile devices, tablets and e-book readers, newsletters, magazines, proprietary databases, conferences, and videos.

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Institutional Ownership by Quarter for News Corp Class A (NASDAQ:NWSA)

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