XY Capital Ltd Trims Stock Position in News Corporation $NWS

XY Capital Ltd cut its holdings in News Corporation (NASDAQ:NWS) by 29.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,310 shares of the company’s stock after selling 30,832 shares during the quarter. News makes up approximately 2.1% of XY Capital Ltd’s portfolio, making the stock its 20th largest holding. XY Capital Ltd’s holdings in News were worth $2,119,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of NWS. Royal Bank of Canada increased its position in News by 25.8% during the first quarter. Royal Bank of Canada now owns 64,630 shares of the company’s stock worth $1,962,000 after buying an additional 13,253 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of News by 44.2% in the first quarter. AQR Capital Management LLC now owns 26,873 shares of the company’s stock valued at $816,000 after acquiring an additional 8,241 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of News by 10.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,071 shares of the company’s stock valued at $215,000 after acquiring an additional 655 shares during the last quarter. Goldman Sachs Group Inc. increased its position in News by 1.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 307,560 shares of the company’s stock worth $9,341,000 after purchasing an additional 5,285 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in News during the 1st quarter worth about $287,000. 14.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NWS shares. Weiss Ratings upgraded shares of News from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Zacks Research raised shares of News from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Strong Buy”.

News Price Performance

Shares of NASDAQ:NWS opened at $31.21 on Wednesday. The company has a market cap of $17.09 billion, a P/E ratio of 15.53 and a beta of 0.88. The business has a fifty day simple moving average of $30.10 and a 200-day simple moving average of $29.16. News Corporation has a 52 week low of $25.49 and a 52 week high of $35.58. The company has a quick ratio of 1.59, a current ratio of 1.70 and a debt-to-equity ratio of 0.21.

News (NASDAQ:NWS) last released its earnings results on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.07. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.12 billion. News had a return on equity of 6.12% and a net margin of 12.92%. Equities research analysts forecast that News Corporation will post 0.96 EPS for the current year.

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.