OxFORD Asset Management LLP bought a new position in News Corp (NASDAQ:NWSA) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 53,550 shares of the company’s stock, valued at approximately $710,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NWSA. LMR Partners LLP acquired a new position in News in the 3rd quarter worth about $134,000. Balyasny Asset Management LLC bought a new position in shares of News in the second quarter valued at approximately $155,000. Cubist Systematic Strategies LLC boosted its holdings in shares of News by 322.5% in the second quarter. Cubist Systematic Strategies LLC now owns 11,829 shares of the company’s stock valued at $162,000 after acquiring an additional 9,029 shares in the last quarter. Profund Advisors LLC boosted its holdings in shares of News by 20.7% in the second quarter. Profund Advisors LLC now owns 12,750 shares of the company’s stock valued at $175,000 after acquiring an additional 2,185 shares in the last quarter. Finally, Virtu KCG Holdings LLC bought a new position in shares of News in the second quarter valued at approximately $188,000. 60.88% of the stock is owned by institutional investors.

Several research firms have recently issued reports on NWSA. Zacks Investment Research cut shares of News from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. TheStreet upgraded shares of News from a “c+” rating to a “b-” rating in a report on Tuesday, December 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $15.40.

Shares of News Corp (NWSA) opened at $16.42 on Monday. The firm has a market cap of $9,640.00, a P/E ratio of -14.53, a P/E/G ratio of 3.32 and a beta of 2.06. News Corp has a 1-year low of $11.41 and a 1-year high of $16.87. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.03.

News (NASDAQ:NWSA) last issued its earnings results on Thursday, November 9th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.05. The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.98 billion. News had a negative net margin of 7.96% and a positive return on equity of 2.27%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.01) earnings per share. equities research analysts predict that News Corp will post 0.49 EPS for the current fiscal year.

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News Company Profile

News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.

Institutional Ownership by Quarter for News (NASDAQ:NWSA)

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