Qsemble Capital Management LP Has $8.44 Million Holdings in News Corporation $NWSA

Qsemble Capital Management LP raised its holdings in News Corporation (NASDAQ:NWSA) by 586.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 322,919 shares of the company’s stock after acquiring an additional 275,895 shares during the quarter. Qsemble Capital Management LP’s holdings in News were worth $8,435,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp lifted its stake in News by 16.5% in the third quarter. State Street Corp now owns 31,356,593 shares of the company’s stock valued at $965,673,000 after buying an additional 4,448,929 shares during the period. Barclays PLC lifted its stake in News by 39.5% in the third quarter. Barclays PLC now owns 14,875,615 shares of the company’s stock valued at $456,830,000 after buying an additional 4,214,562 shares during the period. 59 North Capital Management LP lifted its stake in News by 10.7% in the third quarter. 59 North Capital Management LP now owns 14,009,242 shares of the company’s stock valued at $430,224,000 after buying an additional 1,358,375 shares during the period. AQR Capital Management LLC lifted its stake in News by 11.7% in the third quarter. AQR Capital Management LLC now owns 9,072,194 shares of the company’s stock valued at $278,607,000 after buying an additional 947,687 shares during the period. Finally, Invesco Ltd. lifted its stake in News by 46.6% in the third quarter. Invesco Ltd. now owns 7,706,339 shares of the company’s stock valued at $236,662,000 after buying an additional 2,449,552 shares during the period. 66.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NWSA has been the topic of several recent analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $34.00 price target on shares of News in a research note on Sunday, May 10th. 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. Wall Street Zen upgraded News from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings downgraded News from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Finally, Zacks Research upgraded News from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.14.

News Trading Down 1.3%

NASDAQ NWSA opened at $25.92 on Friday. The company has a market cap of $14.19 billion, a price-to-earnings ratio of 12.90 and a beta of 0.89. News Corporation has a 52 week low of $22.20 and a 52 week high of $31.61. The business has a 50 day moving average price of $25.17 and a 200-day moving average price of $25.41. 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:NWSA) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.16 by $0.05. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.11 billion. News had a return on equity of 6.12% and a net margin of 12.92%.The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.17 earnings per share. As a group, equities analysts expect that News Corporation will post 0.92 earnings per share for the current fiscal year.

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.