News Corporation $NWS Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP increased its position in News Corporation (NASDAQ:NWS) by 128.0% in the first quarter, Holdings Channel reports. The firm owned 681,468 shares of the company’s stock after purchasing an additional 382,644 shares during the quarter. Quantinno Capital Management LP’s holdings in News were worth $19,429,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of News by 15.2% in the 4th quarter. Vanguard Group Inc. now owns 10,163,392 shares of the company’s stock worth $301,141,000 after acquiring an additional 1,344,287 shares in the last quarter. L1 Capital Pty Ltd raised its position in shares of News by 26.2% during the 4th quarter. L1 Capital Pty Ltd now owns 4,273,704 shares of the company’s stock valued at $126,630,000 after acquiring an additional 886,156 shares in the last quarter. Geode Capital Management LLC lifted its stake in News by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 3,728,263 shares of the company’s stock worth $110,314,000 after purchasing an additional 124,871 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in News by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,960,509 shares of the company’s stock worth $67,733,000 after purchasing an additional 7,675 shares during the period. Finally, Bank of Montreal Can raised its holdings in shares of News by 2,991.9% during the fourth quarter. Bank of Montreal Can now owns 1,947,039 shares of the company’s stock worth $57,691,000 after purchasing an additional 1,884,066 shares during the period. Institutional investors and hedge funds own 14.63% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Weiss Ratings raised shares of News from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Zacks Research cut shares of News from a “strong-buy” rating to a “hold” rating in a report on Thursday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, News has a consensus rating of “Moderate Buy”.

News Price Performance

Shares of NASDAQ NWS opened at $31.27 on Friday. 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 firm has a market capitalization of $17.12 billion, a PE ratio of 15.56 and a beta of 0.88. News Corporation has a 1-year low of $25.49 and a 1-year high of $35.58. The business’s fifty day moving average price is $30.28 and its two-hundred day moving average price is $29.23.

News (NASDAQ:NWS) 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 $0.14 by $0.07. News had a net margin of 12.92% and a return on equity of 6.12%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.12 billion. On average, research analysts expect that News Corporation will post 1.1 EPS for the current year.

About News

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.