Metropolis Capital Ltd Has $29.51 Million Stake in News Corporation $NWS

Metropolis Capital Ltd lifted its holdings in News Corporation (NASDAQ:NWS) by 18.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,035,141 shares of the company’s stock after acquiring an additional 163,356 shares during the quarter. News makes up approximately 1.0% of Metropolis Capital Ltd’s holdings, making the stock its 15th largest holding. Metropolis Capital Ltd’s holdings in News were worth $29,512,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NWS. Ground Swell Capital LLC bought a new position in News in the 1st quarter valued at $234,000. Hsbc Holdings PLC grew its holdings in shares of News by 60.4% during the fourth quarter. Hsbc Holdings PLC now owns 268,349 shares of the company’s stock worth $7,971,000 after purchasing an additional 101,018 shares during the last quarter. Corient Private Wealth LLC bought a new stake in shares of News during the fourth quarter worth $454,000. Invesco Ltd. increased its stake in shares of News by 23.5% in the fourth quarter. Invesco Ltd. now owns 1,906,428 shares of the company’s stock valued at $56,487,000 after buying an additional 362,355 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of News by 18.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 28,572 shares of the company’s stock valued at $847,000 after buying an additional 4,499 shares during the last quarter. 14.63% of the stock is owned by institutional investors and hedge funds.

News Stock Up 1.4%

Shares of NWS opened at $28.73 on Friday. The business’s fifty day moving average price is $29.99 and its two-hundred day moving average price is $29.04. The firm has a market capitalization of $15.73 billion, a price-to-earnings ratio of 14.29 and a beta of 0.87. News Corporation has a 52 week low of $25.49 and a 52 week high of $35.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.59 and a current ratio of 1.70.

News (NASDAQ:NWS) last released its earnings results on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. News had a return on equity of 6.12% and a net margin of 12.92%.The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.12 billion. On average, analysts predict that News Corporation will post 0.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NWS has been the topic of a number of research analyst reports. Zacks Research lowered shares of News from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Weiss Ratings downgraded shares of News from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

About News

News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.