News Corp (NWSA) Short Interest Update

News Corp (NASDAQ:NWSA) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 10,010,847 shares, a growth of 17.2% from the January 15th total of 8,542,643 shares. Based on an average daily volume of 2,255,152 shares, the days-to-cover ratio is currently 4.4 days.

A number of analysts have recently weighed in on the company. Citigroup upgraded News from a “neutral” rating to a “buy” rating in a research report on Monday, January 14th. UBS Group upgraded News from a “neutral” rating to a “buy” rating in a research report on Thursday, January 17th. Zacks Investment Research upgraded News from a “hold” rating to a “strong-buy” rating and set a $13.00 price target on the stock in a research report on Wednesday, January 2nd. Finally, ValuEngine cut News from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.17.

Shares of News stock traded down $0.24 on Monday, reaching $12.22. 2,912,244 shares of the company were exchanged, compared to its average volume of 2,270,078. News has a 1-year low of $10.65 and a 1-year high of $16.68. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 3.48 and a beta of 1.54.

News (NASDAQ:NWSA) last posted its earnings results on Thursday, February 7th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. News had a positive return on equity of 2.70% and a negative net margin of 13.11%. The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period last year, the firm earned $0.24 EPS. The firm’s revenue was up 20.5% compared to the same quarter last year. Sell-side analysts predict that News will post 0.39 earnings per share for the current year.

The firm also recently announced a semiannual dividend, which will be paid on Wednesday, April 17th. Investors of record on Wednesday, March 13th will be given a $0.10 dividend. This represents a yield of 1.61%. The ex-dividend date of this dividend is Tuesday, March 12th. News’s dividend payout ratio is currently 45.45%.

A number of institutional investors and hedge funds have recently bought and sold shares of NWSA. Legacy Bridge LLC acquired a new stake in News in the 4th quarter valued at approximately $37,000. Enlightenment Research LLC acquired a new stake in News in the 4th quarter valued at approximately $56,000. Cadence Capital Management LLC acquired a new stake in News in the 3rd quarter valued at approximately $138,000. Signition LP increased its position in News by 11.9% in the 4th quarter. Signition LP now owns 13,575 shares of the company’s stock valued at $154,000 after acquiring an additional 1,448 shares during the period. Finally, Daiwa Securities Group Inc. increased its position in News by 7.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 13,900 shares of the company’s stock valued at $158,000 after acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 61.22% of the company’s stock.

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News Company Profile

News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.

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