Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 18,833 Shares of News Corporation $NWS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in News Corporation (NASDAQ:NWS) by 190.6% during the 4th quarter, HoldingsChannel reports. The fund owned 28,713 shares of the company’s stock after acquiring an additional 18,833 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in News were worth $851,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Hartford Investment Management Co. lifted its position in News by 5.4% in the 4th quarter. Hartford Investment Management Co. now owns 7,212 shares of the company’s stock valued at $214,000 after acquiring an additional 369 shares in the last quarter. Bessemer Group Inc. lifted its position in News by 15.5% in the 3rd quarter. Bessemer Group Inc. now owns 3,027 shares of the company’s stock valued at $104,000 after acquiring an additional 406 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in News by 2.3% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 19,333 shares of the company’s stock valued at $664,000 after acquiring an additional 435 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in News by 11.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 4,454 shares of the company’s stock valued at $133,000 after acquiring an additional 440 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in News by 5.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 10,449 shares of the company’s stock worth $359,000 after buying an additional 554 shares in the last quarter. 14.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NWS has been the topic of several analyst reports. Weiss Ratings raised shares of News from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Zacks Research cut shares of News from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

News Stock Up 0.1%

Shares of NWS opened at $31.06 on Wednesday. News Corporation has a 52 week low of $25.49 and a 52 week high of $35.58. The firm has a market cap of $17.00 billion, a P/E ratio of 15.45 and a beta of 0.87. The firm’s 50-day simple moving average is $29.82 and its 200 day simple moving average is $29.04. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.59 and a current ratio of 1.70.

News (NASDAQ:NWS) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. News had a net margin of 12.92% and a return on equity of 6.12%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.12 billion. On average, analysts forecast that News Corporation will post 0.96 earnings per share for the current year.

About News

News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.