Capula Management Ltd Lowers Stake in News Corporation $NWSA

Capula Management Ltd lessened its stake in News Corporation (NASDAQ:NWSA) by 35.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 169,482 shares of the company’s stock after selling 91,535 shares during the period. Capula Management Ltd’s holdings in News were worth $4,225,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new position in News in the 4th quarter worth about $188,788,000. AQR Capital Management LLC increased its holdings in shares of News by 488.0% during the second quarter. AQR Capital Management LLC now owns 8,124,507 shares of the company’s stock valued at $241,054,000 after acquiring an additional 6,742,836 shares in the last quarter. Bank of Montreal Can raised its position in shares of News by 2,348.9% in the 4th quarter. Bank of Montreal Can now owns 5,664,644 shares of the company’s stock valued at $147,961,000 after purchasing an additional 5,433,332 shares during the last quarter. State Street Corp raised its position in shares of News by 16.5% in the 3rd quarter. State Street Corp now owns 31,356,593 shares of the company’s stock valued at $965,673,000 after purchasing an additional 4,448,929 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in News by 46.6% in the 3rd quarter. Invesco Ltd. now owns 7,706,339 shares of the company’s stock worth $236,662,000 after purchasing an additional 2,449,552 shares in the last quarter. Institutional investors own 66.97% of the company’s stock.

News Stock Performance

NWSA opened at $26.33 on Friday. News Corporation has a 12-month low of $22.20 and a 12-month high of $31.61. The company has a current ratio of 1.70, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $14.41 billion, a PE ratio of 13.10 and a beta of 0.89. The firm has a 50 day moving average of $26.44 and a two-hundred day moving average of $25.56.

News (NASDAQ:NWSA) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.16 by $0.05. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.11 billion. News had a net margin of 12.92% and a return on equity of 6.12%. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 EPS. On average, analysts anticipate that News Corporation will post 0.92 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wall Street Zen upgraded shares of News from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Zacks Research upgraded shares of News from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Weiss Ratings raised shares of News from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Citigroup reduced their target price on News from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $34.00 price target on shares of News in a research report on Sunday, May 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $37.14.

News Company 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.