Parametrica Management Ltd boosted its position in News Corporation (NASDAQ:NWSA) by 35.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,482 shares of the company’s stock after buying an additional 4,062 shares during the quarter. Parametrica Management Ltd’s holdings in News Corporation were worth $205,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Creative Planning raised its stake in shares of News Corporation by 109.9% in the 2nd quarter. Creative Planning now owns 11,068 shares of the company’s stock valued at $152,000 after purchasing an additional 5,795 shares in the last quarter. Balyasny Asset Management LLC acquired a new stake in shares of News Corporation in the 2nd quarter valued at about $155,000. Cubist Systematic Strategies LLC raised its stake in shares of News Corporation by 322.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,829 shares of the company’s stock valued at $162,000 after purchasing an additional 9,029 shares in the last quarter. Profund Advisors LLC raised its stake in shares of News Corporation by 20.7% in the 2nd quarter. Profund Advisors LLC now owns 12,750 shares of the company’s stock valued at $175,000 after purchasing an additional 2,185 shares in the last quarter. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of News Corporation in the 2nd quarter valued at about $188,000. Hedge funds and other institutional investors own 60.70% of the company’s stock.
News Corporation (NASDAQ NWSA) opened at $13.87 on Monday. News Corporation has a 1 year low of $10.99 and a 1 year high of $14.48. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.02. The company has a market cap of $8,069.72, a PE ratio of 38.53, a price-to-earnings-growth ratio of 2.83 and a beta of 1.99.
News Corporation (NASDAQ:NWSA) last posted its earnings results on Thursday, August 10th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. News Corporation had a negative net margin of 9.07% and a positive return on equity of 1.83%. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the prior year, the firm earned $0.10 EPS. News Corporation’s quarterly revenue was down 6.6% on a year-over-year basis. sell-side analysts forecast that News Corporation will post 0.49 earnings per share for the current year.
The company also recently announced a semiannual dividend, which was paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th were given a $0.10 dividend. This represents a yield of 1.49%. The ex-dividend date of this dividend was Tuesday, September 12th. News Corporation’s dividend payout ratio (DPR) is -15.63%.
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A number of equities research analysts recently weighed in on the stock. Rosenblatt Securities assumed coverage on shares of News Corporation in a research report on Friday, July 14th. They set a “buy” rating and a $17.00 price objective for the company. Zacks Investment Research downgraded shares of News Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $17.00 price objective on shares of News Corporation in a research report on Sunday, July 30th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. News Corporation currently has a consensus rating of “Hold” and an average price target of $15.40.
News Corporation 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.
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