iSAM Funds UK Ltd Takes $354,000 Position in News Co. (NASDAQ:NWSA)

iSAM Funds UK Ltd acquired a new stake in News Co. (NASDAQ:NWSA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,852 shares of the company’s stock, valued at approximately $354,000.

Other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in News by 124.0% during the third quarter. Barclays PLC now owns 14,713,823 shares of the company’s stock worth $391,832,000 after purchasing an additional 8,144,856 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of News by 204.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 344,043 shares of the company’s stock valued at $9,447,000 after acquiring an additional 231,056 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of News by 0.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 151,693 shares of the company’s stock valued at $4,216,000 after acquiring an additional 820 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of News by 35.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,289 shares of the company’s stock valued at $1,064,000 after acquiring an additional 9,981 shares during the period. Finally, Savant Capital LLC increased its stake in News by 9.6% in the 4th quarter. Savant Capital LLC now owns 16,076 shares of the company’s stock valued at $443,000 after buying an additional 1,411 shares during the period. Hedge funds and other institutional investors own 66.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group upgraded shares of News from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 4th. Guggenheim restated a “buy” rating and set a $45.00 price objective on shares of News in a research report on Thursday, May 15th. Morgan Stanley cut their price objective on shares of News from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. StockNews.com upgraded shares of News from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Finally, Seaport Res Ptn upgraded shares of News to a “strong-buy” rating in a research report on Friday, January 31st. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $39.20.

News Stock Performance

NASDAQ:NWSA opened at $28.33 on Wednesday. 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 fifty-two week low of $23.38 and a fifty-two week high of $30.69. The stock has a market cap of $16.04 billion, a PE ratio of 38.81 and a beta of 1.30. The firm’s fifty day simple moving average is $26.84 and its 200-day simple moving average is $27.89.

News (NASDAQ:NWSA) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). News had a return on equity of 5.31% and a net margin of 4.22%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2 billion. During the same period last year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was up .8% compared to the same quarter last year. Analysts expect that News Co. will post 0.94 earnings per share for the current fiscal year.

News Company 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.