Teza Capital Management LLC Sells 36,365 Shares of News Co. (NASDAQ:NWSA)

Teza Capital Management LLC decreased its holdings in shares of News Co. (NASDAQ:NWSA) by 79.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,180 shares of the company’s stock after selling 36,365 shares during the period. Teza Capital Management LLC’s holdings in News were worth $253,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Franklin Resources Inc. boosted its holdings in shares of News by 1.9% in the fourth quarter. Franklin Resources Inc. now owns 21,962 shares of the company’s stock valued at $605,000 after purchasing an additional 418 shares during the period. Ballentine Partners LLC lifted its holdings in shares of News by 3.8% in the 4th quarter. Ballentine Partners LLC now owns 11,576 shares of the company’s stock worth $319,000 after buying an additional 422 shares during the period. Boyar Asset Management Inc. increased its stake in shares of News by 2.9% during the fourth quarter. Boyar Asset Management Inc. now owns 15,203 shares of the company’s stock valued at $419,000 after buying an additional 422 shares during the period. Principal Securities Inc. raised its holdings in shares of News by 18.5% in the fourth quarter. Principal Securities Inc. now owns 3,334 shares of the company’s stock valued at $92,000 after acquiring an additional 521 shares in the last quarter. Finally, Metis Global Partners LLC grew its holdings in News by 4.4% during the 4th quarter. Metis Global Partners LLC now owns 12,518 shares of the company’s stock worth $345,000 after acquiring an additional 533 shares in the last quarter. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

News Price Performance

News stock opened at $28.33 on Wednesday. The stock has a market capitalization of $16.04 billion, a P/E ratio of 38.81 and a beta of 1.30. The company’s fifty day moving average price is $26.84 and its 200 day moving average price is $27.89. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.73. News Co. has a 1 year low of $23.38 and a 1 year high of $30.69.

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

Wall Street Analysts Forecast Growth

NWSA has been the subject of a number of recent research reports. UBS Group raised shares of News from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 4th. Seaport Res Ptn raised News to a “strong-buy” rating in a research report on Friday, January 31st. Morgan Stanley decreased their price objective on News from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Guggenheim reiterated a “buy” rating and issued a $45.00 target price on shares of News in a research note on Thursday, May 15th. Finally, StockNews.com raised shares of News from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $39.20.

About News

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.