Andra AP fonden boosted its holdings in shares of News Corp (NASDAQ:NWSA) by 20.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 195,500 shares of the company’s stock after buying an additional 33,000 shares during the period. Andra AP fonden’s holdings in News were worth $2,721,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of NWSA. Yacktman Asset Management LP boosted its stake in News by 636.0% during the third quarter. Yacktman Asset Management LP now owns 11,137,008 shares of the company’s stock valued at $155,027,000 after buying an additional 9,623,733 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in News by 10.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 52,435,946 shares of the company’s stock worth $707,361,000 after purchasing an additional 4,850,224 shares during the last quarter. Independent Franchise Partners LLP lifted its stake in News by 12.5% during the second quarter. Independent Franchise Partners LLP now owns 33,536,394 shares of the company’s stock worth $452,405,000 after purchasing an additional 3,716,104 shares during the last quarter. BlackRock Inc. lifted its stake in News by 6.5% during the second quarter. BlackRock Inc. now owns 27,035,796 shares of the company’s stock worth $364,713,000 after purchasing an additional 1,644,246 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in News by 1,014.2% during the second quarter. Nuveen Asset Management LLC now owns 1,081,420 shares of the company’s stock worth $14,588,000 after purchasing an additional 984,366 shares during the last quarter. 62.29% of the stock is owned by institutional investors.

Shares of NWSA stock opened at $12.88 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $13.30 and a two-hundred day moving average price of $13.20. News Corp has a 12-month low of $10.65 and a 12-month high of $14.65. The firm has a market cap of $7.58 billion, a P/E ratio of 28.00 and a beta of 1.47.

News (NASDAQ:NWSA) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. News had a positive return on equity of 1.94% and a negative net margin of 1.75%. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue was down 7.3% compared to the same quarter last year. As a group, research analysts expect that News Corp will post 0.38 EPS for the current fiscal year.

Several equities research analysts have issued reports on NWSA shares. BidaskClub lowered News from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 9th. Credit Suisse Group raised News from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $13.70 to $15.30 in a research note on Sunday, August 11th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $14.15.

About News

News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.

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Institutional Ownership by Quarter for News (NASDAQ:NWSA)

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