73,948 Shares in News Corporation $NWSA Bought by Machina Capital S.A.S.

Machina Capital S.A.S. purchased a new stake in News Corporation (NASDAQ:NWSA) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 73,948 shares of the company’s stock, valued at approximately $2,119,000.

A number of other hedge funds have also modified their holdings of NWSA. Turtle Creek Wealth Advisors LLC purchased a new stake in News during the 3rd quarter worth about $25,000. Elevation Wealth Partners LLC boosted its stake in 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 buying an additional 1,501 shares during the last quarter. Provenance Wealth Advisors LLC acquired a new stake in News in the 3rd quarter worth about $73,000. IFP Advisors Inc grew its holdings in News by 79.0% in the 2nd quarter. IFP Advisors Inc now owns 3,682 shares of the company’s stock valued at $91,000 after buying an additional 1,625 shares during the period. Finally, State of Wyoming purchased a new stake in News in the 3rd quarter valued at about $142,000. 66.97% of the stock is owned by hedge funds and other institutional investors.

News Stock Performance

Shares of NWSA stock opened at $26.27 on Friday. The company has a market cap of $14.21 billion, a P/E ratio of 23.46 and a beta of 1.01. The business has a 50 day moving average of $29.23 and a two-hundred day moving average of $26.96. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 0.22. News Corporation has a 52 week low of $22.20 and a 52 week high of $31.66.

News (NASDAQ:NWSA) last issued its earnings results on Wednesday, November 4th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.02. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.27 billion. News had a return on equity of 7.42% and a net margin of 6.76%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the company earned $0.22 earnings per share. As a group, analysts anticipate that News Corporation will post 1.34 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NWSA. Zacks Research lowered shares of News from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Raymond James Financial began coverage on News in a research report on Monday, October 19th. They issued an “outperform” rating and a $35.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on shares of News from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, August 21st. Weiss Ratings downgraded News from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. Finally, Wall Street Zen upgraded News from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 7th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.50.

News 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.