Maven Securities LTD Sells 41,188 Shares of News Corporation $NWSA

Maven Securities LTD lessened its holdings in News Corporation (NASDAQ:NWSA) by 14.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 234,860 shares of the company’s stock after selling 41,188 shares during the period. News comprises 0.2% of Maven Securities LTD’s holdings, making the stock its 27th biggest position. Maven Securities LTD’s holdings in News were worth $7,213,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NWSA. Caitong International Asset Management Co. Ltd purchased a new stake in News during the third quarter worth $31,000. CYBER HORNET ETFs LLC purchased a new position in shares of News in the 2nd quarter valued at $30,000. Root Financial Partners LLC bought a new position in shares of News in the 3rd quarter worth $35,000. Advisory Services Network LLC bought a new position in shares of News in the 3rd quarter worth $35,000. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of News by 154.5% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,285 shares of the company’s stock worth $39,000 after purchasing an additional 780 shares during the last quarter. 66.97% of the stock is owned by hedge funds and other institutional investors.

News Price Performance

Shares of NASDAQ NWSA opened at $24.34 on Wednesday. News Corporation has a fifty-two week low of $22.20 and a fifty-two week high of $31.61. The company has a market cap of $13.52 billion, a PE ratio of 11.99 and a beta of 0.98. 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 business has a 50-day simple moving average of $24.80 and a two-hundred day simple moving average of $26.29.

News (NASDAQ:NWSA) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.33 by $0.07. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.30 billion. News had a net margin of 13.35% and a return on equity of 5.94%. News’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm posted $0.33 EPS. As a group, equities analysts expect that News Corporation will post 0.94 EPS for the current fiscal year.

News Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 11th will be paid a dividend of $0.10 per share. This represents a dividend yield of 83.0%. The ex-dividend date is Wednesday, March 11th. News’s payout ratio is presently 9.85%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NWSA. Wall Street Zen upgraded News from a “hold” rating to a “buy” rating in a research note on Sunday. JPMorgan Chase & Co. decreased their price target on shares of News from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th. Citigroup cut their price objective on shares of News from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. Weiss Ratings lowered shares of News from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 26th. Finally, Morgan Stanley set a $32.40 target price on shares of News in a research note on Friday, February 6th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, News presently has an average rating of “Moderate Buy” and an average target price of $37.02.

News Company Profile

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.