News Corporation $NWSA is Metropolis Capital Ltd’s 10th Largest Position

Metropolis Capital Ltd increased its position in News Corporation (NASDAQ:NWSA) by 4.7% in the third quarter, Holdings Channel.com reports. The fund owned 5,959,598 shares of the company’s stock after acquiring an additional 265,245 shares during the quarter. News makes up about 5.8% of Metropolis Capital Ltd’s holdings, making the stock its 10th biggest holding. Metropolis Capital Ltd’s holdings in News were worth $183,019,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new stake in News in the second quarter worth approximately $30,000. Patton Fund Management Inc. bought a new position in shares of News during the 2nd quarter valued at $241,000. Resona Asset Management Co. Ltd. lifted its stake in News by 3.6% in the second quarter. Resona Asset Management Co. Ltd. now owns 121,653 shares of the company’s stock worth $3,610,000 after purchasing an additional 4,244 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of News by 379.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 111,960 shares of the company’s stock valued at $3,330,000 after buying an additional 88,616 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of News by 34.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,450,150 shares of the company’s stock worth $121,133,000 after buying an additional 1,133,004 shares during the period. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

News Stock Performance

News stock opened at $26.25 on Tuesday. News Corporation has a fifty-two week low of $23.38 and a fifty-two week high of $31.61. The stock has a market cap of $14.74 billion, a price-to-earnings ratio of 12.68 and a beta of 0.97. The stock’s 50 day simple moving average is $26.00 and its two-hundred day simple moving average is $28.01. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.63 and a current ratio of 1.76.

News (NASDAQ:NWSA) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.11 billion. News had a return on equity of 5.68% and a net margin of 13.80%.The firm’s revenue was down 16.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. As a group, analysts expect that News Corporation will post 0.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NWSA shares. Guggenheim dropped their target price on News from $45.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Weiss Ratings restated a “buy (b-)” rating on shares of News in a research report on Monday, December 22nd. JPMorgan Chase & Co. lowered their price objective on shares of News from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th. Finally, Zacks Research cut News from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.34.

News Profile

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.