Regal Partners Ltd Acquires 136,590 Shares of News Corporation $NWS

Regal Partners Ltd lifted its holdings in News Corporation (NASDAQ:NWS) by 218.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 199,015 shares of the company’s stock after purchasing an additional 136,590 shares during the quarter. News accounts for about 0.5% of Regal Partners Ltd’s investment portfolio, making the stock its 27th biggest holding. Regal Partners Ltd’s holdings in News were worth $6,876,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NWS. Wealth Enhancement Advisory Services LLC increased its holdings in News by 2.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 17,032 shares of the company’s stock worth $588,000 after buying an additional 337 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of News by 7.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,983 shares of the company’s stock valued at $162,000 after acquiring an additional 338 shares during the last quarter. iA Global Asset Management Inc. boosted its holdings in shares of News by 8.9% during the 3rd quarter. iA Global Asset Management Inc. now owns 4,480 shares of the company’s stock valued at $155,000 after acquiring an additional 367 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of News by 10.6% in the third quarter. Asset Management One Co. Ltd. now owns 4,014 shares of the company’s stock worth $139,000 after acquiring an additional 386 shares during the period. Finally, Bessemer Group Inc. raised its holdings in shares of News by 15.5% during the third quarter. Bessemer Group Inc. now owns 3,027 shares of the company’s stock valued at $104,000 after purchasing an additional 406 shares during the last quarter. 14.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NWS has been the topic of a number of research analyst reports. Weiss Ratings downgraded shares of News from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, February 23rd. Zacks Research upgraded shares of News from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

News Stock Performance

Shares of NASDAQ NWS opened at $27.70 on Friday. The company has a market cap of $15.38 billion, a P/E ratio of 13.65 and a beta of 0.96. News Corporation has a 52-week low of $25.49 and a 52-week high of $35.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.69 and a current ratio of 1.81. The firm’s fifty day moving average is $28.58 and its two-hundred day moving average is $30.17.

News (NASDAQ:NWS) last issued its earnings results on Thursday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.15. News had a return on equity of 5.94% and a net margin of 13.35%.The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.30 billion. As a group, analysts anticipate that News Corporation will post 1.03 EPS for the current fiscal year.

News Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 11th will be given a $0.10 dividend. This represents a yield of 73.0%. The ex-dividend date is Wednesday, March 11th. News’s payout ratio is currently 9.85%.

News Company Profile

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.