Janus Henderson Group PLC Buys 182,763 Shares of News Corporation $NWSA

Janus Henderson Group PLC raised its stake in News Corporation (NASDAQ:NWSA) by 82.2% in the 1st quarter, HoldingsChannel reports. The fund owned 405,050 shares of the company’s stock after buying an additional 182,763 shares during the quarter. Janus Henderson Group PLC’s holdings in News were worth $10,092,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of News during the fourth quarter valued at approximately $188,788,000. AQR Capital Management LLC increased its holdings in shares of News by 488.0% in the second quarter. AQR Capital Management LLC now owns 8,124,507 shares of the company’s stock valued at $241,054,000 after purchasing an additional 6,742,836 shares in the last quarter. Bank of Montreal Can raised its position in News by 2,348.9% in the 4th quarter. Bank of Montreal Can now owns 5,664,644 shares of the company’s stock worth $147,961,000 after purchasing an additional 5,433,332 shares during the last quarter. State Street Corp raised its position in News by 16.5% in the 3rd quarter. State Street Corp now owns 31,356,593 shares of the company’s stock worth $965,673,000 after purchasing an additional 4,448,929 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in News by 46.6% during the 3rd quarter. Invesco Ltd. now owns 7,706,339 shares of the company’s stock worth $236,662,000 after buying an additional 2,449,552 shares in the last quarter. 66.97% of the stock is currently owned by institutional investors and hedge funds.

News Price Performance

NWSA opened at $28.59 on Wednesday. The company has a fifty day moving average price of $26.73 and a two-hundred day moving average price of $25.64. The firm has a market capitalization of $15.65 billion, a PE ratio of 14.22 and a beta of 0.88. News Corporation has a 52 week low of $22.20 and a 52 week high of $31.61. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.59 and a current ratio of 1.70.

News (NASDAQ:NWSA) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. News had a return on equity of 6.12% and a net margin of 12.92%.The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the business posted $0.17 EPS. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. As a group, analysts anticipate that News Corporation will post 1.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

NWSA has been the subject of several research reports. Morgan Stanley reissued an “overweight” rating and issued a $34.00 target price on shares of News in a research note on Sunday, May 10th. Citigroup cut 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, May 13th. Wall Street Zen upgraded News from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Zacks Research raised News from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Finally, Weiss Ratings upgraded shares of News from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $37.14.

About News

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.