News Co. (NASDAQ:NWSA) Shares Purchased by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC raised its stake in News Co. (NASDAQ:NWSA) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,219 shares of the company’s stock after buying an additional 551 shares during the period. Linden Thomas Advisory Services LLC’s holdings in News were worth $816,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC raised its position in News by 48.2% during the third quarter. SG Americas Securities LLC now owns 59,280 shares of the company’s stock worth $1,189,000 after acquiring an additional 19,282 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of News during the third quarter valued at $233,000. Oak Thistle LLC increased its position in News by 4.1% during the 3rd quarter. Oak Thistle LLC now owns 55,097 shares of the company’s stock worth $1,105,000 after purchasing an additional 2,192 shares in the last quarter. Czech National Bank lifted its holdings in News by 47.6% in the 3rd quarter. Czech National Bank now owns 66,581 shares of the company’s stock valued at $1,336,000 after purchasing an additional 21,484 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of News by 1.3% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 181,276 shares of the company’s stock worth $3,636,000 after purchasing an additional 2,400 shares during the last quarter. 66.97% of the stock is currently owned by institutional investors and hedge funds.

News Stock Down 1.4 %

Shares of NWSA opened at $24.21 on Friday. News Co. has a fifty-two week low of $16.35 and a fifty-two week high of $28.00. The company’s fifty day moving average is $25.71 and its two-hundred day moving average is $23.86. The firm has a market cap of $13.83 billion, a PE ratio of 60.53 and a beta of 1.33. The company has a quick ratio of 1.33, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

News (NASDAQ:NWSA) last issued its earnings results on Wednesday, February 7th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. The firm had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.56 billion. News had a return on equity of 4.14% and a net margin of 2.29%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 earnings per share. Analysts forecast that News Co. will post 0.71 earnings per share for the current year.

News Announces Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Wednesday, April 10th. Investors of record on Wednesday, March 13th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 12th. This represents a dividend yield of 0.8%. News’s payout ratio is 50.00%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NWSA shares. StockNews.com upgraded shares of News from a “hold” rating to a “buy” rating in a research report on Friday, January 19th. Macquarie raised News from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 8th. Finally, TheStreet upgraded News from a “c+” rating to a “b” rating in a research report on Wednesday, February 7th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, News has a consensus rating of “Buy” and a consensus target price of $29.50.

News Profile

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.