Sei Investments Co. Has $58 Million Holdings in News Corporation $NWSA

Sei Investments Co. boosted its position in shares of News Corporation (NASDAQ:NWSA) by 120.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,326,616 shares of the company’s stock after acquiring an additional 1,272,083 shares during the period. Sei Investments Co.’s holdings in News were worth $58,002,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NWSA. CYBER HORNET ETFs LLC acquired a new stake in shares of News in the second quarter valued at about $30,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of News during the 3rd quarter worth about $31,000. Advisory Services Network LLC bought a new stake in News during the 3rd quarter valued at approximately $35,000. Brown Brothers Harriman & Co. grew its holdings in News by 154.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,285 shares of the company’s stock valued at $39,000 after buying an additional 780 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in News by 561.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,732 shares of the company’s stock worth $45,000 after buying an additional 1,470 shares during the period. 66.97% of the stock is currently owned by institutional investors.

News Stock Up 1.6%

Shares of NWSA stock opened at $26.76 on Friday. News Corporation has a one year low of $22.20 and a one year high of $31.61. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.70 and a quick ratio of 1.59. The stock has a fifty day moving average price of $26.45 and a 200 day moving average price of $25.57. The stock has a market cap of $14.65 billion, a P/E ratio of 13.31 and a beta of 0.89.

News (NASDAQ:NWSA) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.05. News had a net margin of 12.92% and a return on equity of 6.12%. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the previous year, the firm posted $0.17 EPS. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. Analysts predict that News Corporation will post 0.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NWSA shares. Morgan Stanley reissued an “overweight” rating and issued a $34.00 price objective on shares of News in a research report on Sunday, May 10th. Weiss Ratings raised shares of News from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Citigroup reduced their price target on shares of News from $39.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Zacks Research upgraded shares of News from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Finally, Wall Street Zen raised shares of News from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “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.