Metropolis Capital Ltd Has $220.26 Million Stake in News Corporation $NWSA

Metropolis Capital Ltd raised its holdings in News Corporation (NASDAQ:NWSA) by 26.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 8,835,157 shares of the company’s stock after acquiring an additional 1,843,900 shares during the quarter. News makes up about 7.5% of Metropolis Capital Ltd’s portfolio, making the stock its 7th largest holding. Metropolis Capital Ltd owned about 1.59% of News worth $220,260,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of NWSA. Swedbank AB lifted its stake in shares of News by 77.3% in the fourth quarter. Swedbank AB now owns 192,326 shares of the company’s stock worth $5,024,000 after acquiring an additional 83,821 shares during the period. Barclays PLC raised its stake in News by 39.5% during the third quarter. Barclays PLC now owns 14,875,615 shares of the company’s stock worth $456,830,000 after buying an additional 4,214,562 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in News by 14.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 823,989 shares of the company’s stock valued at $21,580,000 after buying an additional 102,259 shares during the period. CIBC Bancorp USA Inc. acquired a new position in shares of News in the 3rd quarter valued at about $8,799,000. Finally, WINTON GROUP Ltd bought a new position in shares of News during the 3rd quarter worth approximately $5,927,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

News Trading Up 1.5%

NASDAQ NWSA opened at $25.41 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $26.17 and a 200 day simple moving average of $25.44. News Corporation has a 12 month low of $22.20 and a 12 month high of $31.61. The firm has a market capitalization of $13.91 billion, a P/E ratio of 12.64 and a beta of 0.88.

News (NASDAQ:NWSA) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 EPS. On average, analysts predict that News Corporation will post 0.92 EPS for the current fiscal year.

Analysts Set New Price Targets

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

News 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.