News Co. (NASDAQ:NWSA) Shares Acquired by Ballentine Partners LLC

Ballentine Partners LLC boosted its stake in shares of News Co. (NASDAQ:NWSA) by 3.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,576 shares of the company’s stock after acquiring an additional 422 shares during the period. Ballentine Partners LLC’s holdings in News were worth $319,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Seelaus Asset Management LLC boosted its holdings in shares of News by 3.8% in the third quarter. Seelaus Asset Management LLC now owns 11,399 shares of the company’s stock valued at $304,000 after acquiring an additional 417 shares during the period. GAMMA Investing LLC raised its position in News by 9.0% during the 3rd quarter. GAMMA Investing LLC now owns 6,578 shares of the company’s stock worth $175,000 after buying an additional 543 shares during the last quarter. Pathstone Holdings LLC boosted its holdings in shares of News by 1.2% in the third quarter. Pathstone Holdings LLC now owns 60,509 shares of the company’s stock valued at $1,612,000 after acquiring an additional 730 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of News by 1.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 41,955 shares of the company’s stock valued at $1,117,000 after acquiring an additional 774 shares in the last quarter. Finally, Wahed Invest LLC raised its holdings in News by 10.3% during the third quarter. Wahed Invest LLC now owns 9,238 shares of the company’s stock worth $246,000 after purchasing an additional 860 shares in the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

News Stock Up 0.8 %

Shares of NASDAQ NWSA opened at $28.08 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26. News Co. has a 12-month low of $22.65 and a 12-month high of $30.03. The company has a market capitalization of $15.97 billion, a PE ratio of 45.29 and a beta of 1.35. The firm’s 50-day moving average is $28.33 and its two-hundred day moving average is $27.55.

News (NASDAQ:NWSA) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.05. News had a return on equity of 4.76% and a net margin of 3.49%. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the prior year, the business earned $0.16 earnings per share. Equities analysts anticipate that News Co. will post 0.91 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on NWSA shares. StockNews.com upgraded News from a “hold” rating to a “buy” rating in a research report on Saturday. Citigroup assumed coverage on News in a research report on Friday, January 10th. They issued a “buy” rating and a $36.00 price objective for the company. Guggenheim upped their price target on shares of News from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Loop Capital reduced their price target on shares of News from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $39.25.

About News

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.