100,177 Shares of News Corporation $NWSA Bought by CenterBook Partners LP

CenterBook Partners LP bought a new position in shares of News Corporation (NASDAQ:NWSA) during the third quarter, HoldingsChannel reports. The firm bought 100,177 shares of the company’s stock, valued at approximately $2,870,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new position in News in the 3rd quarter valued at approximately $25,000. Elevation Wealth Partners LLC lifted its position in shares of News by 282.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 2,032 shares of the company’s stock worth $50,000 after acquiring an additional 1,501 shares during the period. Provenance Wealth Advisors LLC bought a new stake in shares of News in the 3rd quarter worth approximately $73,000. IFP Advisors Inc grew its holdings in shares of News by 79.0% during the 2nd quarter. IFP Advisors Inc now owns 3,682 shares of the company’s stock worth $91,000 after purchasing an additional 1,625 shares in the last quarter. Finally, State of Wyoming acquired a new stake in shares of News during the 3rd quarter worth approximately $142,000. 66.97% of the stock is currently owned by institutional investors.

News Stock Down 0.3%

Shares of NWSA opened at $26.39 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.62 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average price of $29.57 and a two-hundred day moving average price of $26.96. The stock has a market cap of $14.28 billion, a price-to-earnings ratio of 23.56 and a beta of 1.01. News Corporation has a 12 month low of $22.20 and a 12 month high of $31.66.

News (NASDAQ:NWSA) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.02. News had a return on equity of 7.42% and a net margin of 6.76%. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the prior year, the company posted $0.22 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. Equities analysts predict that News Corporation will post 1.34 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NWSA. Weiss Ratings upgraded News from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, October 12th. Morgan Stanley reaffirmed an “overweight” rating and issued a $35.00 target price on shares of News in a research report on Thursday, August 6th. Zacks Research downgraded shares of News from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Raymond James Financial started coverage on shares of News in a research note on Monday, October 19th. They set an “outperform” rating and a $35.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of News from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, August 21st. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, News presently has an average rating of “Moderate Buy” and an average target price of $37.80.

News Company Profile

News Corporation is a global media and information services company. Its businesses include Dow Jones, which provides financial news and data through outlets such as The Wall Street Journal; HarperCollins, a book publisher; and News Corp’s news media operations, which publish newspapers and digital news services.

The company also operates digital real estate businesses, including Realtor.com in the United States and REA Group in Australia. Its brands and services reach audiences and customers across the Americas, Europe, Australia and other international markets.

News Corporation was formed in 2013 when the former News Corporation separated its publishing and media operations from its entertainment businesses.