168,679 Shares in News Corporation $NWSA Purchased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. bought a new stake in shares of News Corporation (NASDAQ:NWSA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 168,679 shares of the company’s stock, valued at approximately $4,407,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. National Pension Service lifted its holdings in News by 151.3% in the fourth quarter. National Pension Service now owns 21,733 shares of the company’s stock valued at $568,000 after acquiring an additional 13,085 shares during the last quarter. Huntington National Bank grew its stake in News by 150.5% in the 4th quarter. Huntington National Bank now owns 3,475 shares of the company’s stock worth $91,000 after acquiring an additional 2,088 shares during the period. Geode Capital Management LLC boosted its position in News by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 10,458,034 shares of the company’s stock worth $272,169,000 after purchasing an additional 88,157 shares during the period. AlphaQuest LLC grew its position in shares of News by 67.4% during the 4th quarter. AlphaQuest LLC now owns 97,494 shares of the company’s stock valued at $2,547,000 after buying an additional 39,260 shares during the last quarter. Finally, Allstate Corp lifted its position in shares of News by 304.6% in the 4th quarter. Allstate Corp now owns 32,875 shares of the company’s stock valued at $859,000 after acquiring an additional 24,749 shares in the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

News Stock Performance

Shares of NWSA stock opened at $26.80 on Tuesday. The firm has a market capitalization of $14.67 billion, a PE ratio of 13.33 and a beta of 0.88. The firm has a fifty day simple moving average of $25.63 and a two-hundred day simple moving average of $25.40. The company has a current ratio of 1.70, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. News Corporation has a 12 month low of $22.20 and a 12 month high of $31.61.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on NWSA shares. Zacks Research raised shares of News from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Citigroup decreased their price objective 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. 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 “hold (c+)” rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen upgraded shares of News from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.