Deltroit Asset Management UK LLP Purchases New Holdings in News Corporation $NWSA

Deltroit Asset Management UK LLP purchased a new stake in News Corporation (NASDAQ:NWSA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 502,839 shares of the company’s stock, valued at approximately $13,134,000. News comprises 1.9% of Deltroit Asset Management UK LLP’s investment portfolio, making the stock its 18th largest position. Deltroit Asset Management UK LLP owned about 0.09% of News at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. CYBER HORNET ETFs LLC bought a new position in News during the 2nd quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd bought a new position in News during the 3rd quarter worth approximately $31,000. Advisory Services Network LLC bought a new position in News during the 3rd quarter worth approximately $35,000. Brown Brothers Harriman & Co. lifted its holdings in News by 154.5% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,285 shares of the company’s stock worth $39,000 after buying an additional 780 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in News by 561.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,732 shares of the company’s stock worth $45,000 after buying an additional 1,470 shares during the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on NWSA. Morgan Stanley reaffirmed an “overweight” rating and set a $34.00 target price on shares of News in a report on Sunday, May 10th. Citigroup reduced their target price on News from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Wall Street Zen upgraded News from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings upgraded News from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Finally, Zacks Research upgraded News from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $37.14.

News Stock Performance

NWSA opened at $27.26 on Friday. The firm has a market cap of $14.92 billion, a PE ratio of 13.56 and a beta of 0.88. The company has a quick ratio of 1.59, a current ratio of 1.70 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $25.83 and a 200-day simple moving average of $25.41. News Corporation has a fifty-two week low of $22.20 and a fifty-two week high of $31.61.

News (NASDAQ:NWSA) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.05. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.11 billion. News had a return on equity of 6.12% and a net margin of 12.92%.The company’s revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company posted $0.17 EPS. As a group, equities analysts predict that News Corporation will post 0.92 EPS for the current fiscal year.

About News

News Corporation (NASDAQ: NWSA) is a global diversified media and information services company headquartered in New York City. It operates through two principal segments: News and Information Services, and Digital Real Estate Services. The company’s news and information division oversees a portfolio of leading newspapers, magazines and digital platforms, offering content across print and online channels. Its properties include Dow Jones, publisher of The Wall Street Journal and Barron’s, News UK titles such as The Times and The Sun, as well as News Corp Australia mastheads.

In addition to its journalism assets, News Corp is a significant player in book publishing through HarperCollins, one of the world’s largest consumer publishers.