Maven Securities LTD Has $8.10 Million Stock Position in News Corporation $NWSA

Maven Securities LTD increased its stake in shares of News Corporation (NASDAQ:NWSA) by 32.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 310,035 shares of the company’s stock after acquiring an additional 75,175 shares during the quarter. Maven Securities LTD’s holdings in News were worth $8,098,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Fieldview Capital Management LLC bought a new position in News during the fourth quarter worth $307,000. Entropy Technologies LP increased its position in News by 456.7% during the fourth quarter. Entropy Technologies LP now owns 138,475 shares of the company’s stock worth $3,617,000 after acquiring an additional 113,602 shares during the period. Atlas Capital Advisors Inc. bought a new position in News during the fourth quarter worth $179,000. Kestra Advisory Services LLC increased its position in News by 4.1% during the fourth quarter. Kestra Advisory Services LLC now owns 16,594 shares of the company’s stock worth $433,000 after acquiring an additional 659 shares during the period. Finally, PCM Encore LLC bought a new position in News during the fourth quarter worth $262,000. Institutional investors own 66.97% of the company’s stock.

News Stock Performance

Shares of News stock opened at $25.68 on Monday. The firm has a market capitalization of $14.06 billion, a PE ratio of 12.78 and a beta of 0.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.70 and a quick ratio of 1.59. The company’s fifty day moving average price is $26.04 and its two-hundred day moving average price is $25.46. News Corporation has a 52-week low of $22.20 and a 52-week high of $31.61.

News (NASDAQ:NWSA) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.05. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.11 billion. News had a net margin of 12.92% and a return on equity of 6.12%. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 EPS. On average, analysts expect that News Corporation will post 0.92 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NWSA. Weiss Ratings raised shares of News from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Zacks Research raised shares of News from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. Morgan Stanley reissued an “overweight” rating and issued a $34.00 price target on shares of News in a report on Sunday, May 10th. Citigroup lowered their price target on shares of News from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Finally, Wall Street Zen raised shares of News from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.14.

About News

News Corporation (NASDAQ: NWSA) is a global diversified media and information services company headquartered in New York City. It operates through two principal segments: News and Information Services, and Digital Real Estate Services. The company’s news and information division oversees a portfolio of leading newspapers, magazines and digital platforms, offering content across print and online channels. Its properties include Dow Jones, publisher of The Wall Street Journal and Barron’s, News UK titles such as The Times and The Sun, as well as News Corp Australia mastheads.

In addition to its journalism assets, News Corp is a significant player in book publishing through HarperCollins, one of the world’s largest consumer publishers.