XY Capital Ltd Grows Stock Position in News Corporation $NWS

XY Capital Ltd boosted its position in News Corporation (NASDAQ:NWS) by 1,154.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,142 shares of the company’s stock after purchasing an additional 96,760 shares during the period. News comprises approximately 2.0% of XY Capital Ltd’s holdings, making the stock its 11th largest position. XY Capital Ltd’s holdings in News were worth $3,115,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. NewEdge Advisors LLC purchased a new position in News in the second quarter worth $30,000. Smartleaf Asset Management LLC increased its holdings in shares of News by 97.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,178 shares of the company’s stock valued at $41,000 after purchasing an additional 580 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its stake in shares of News by 69.0% in the fourth quarter. Resona Asset Management Co. Ltd. now owns 1,629 shares of the company’s stock valued at $49,000 after purchasing an additional 665 shares during the period. V Square Quantitative Management LLC acquired a new position in News during the fourth quarter worth about $68,000. Finally, Danske Bank A S acquired a new stake in shares of News during the 3rd quarter valued at approximately $97,000. Institutional investors and hedge funds own 14.63% of the company’s stock.

News Stock Performance

News stock opened at $30.13 on Friday. The stock has a market cap of $16.49 billion, a P/E ratio of 14.99 and a beta of 0.87. The stock has a 50 day moving average of $29.91 and a 200-day moving average of $29.07. 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 52 week low of $25.49 and a 52 week high of $35.58.

News (NASDAQ:NWS) last announced its quarterly earnings data 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 company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.12 billion. News had a net margin of 12.92% and a return on equity of 6.12%. On average, analysts expect that News Corporation will post 0.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NWS has been the subject of several research reports. Zacks Research cut News from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Weiss Ratings upgraded shares of News from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, News presently has an average rating of “Moderate Buy”.

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.