Dynamic Advisor Solutions LLC Has $325,000 Stock Holdings in News Co. (NASDAQ:NWSA)

Dynamic Advisor Solutions LLC lifted its holdings in shares of News Co. (NASDAQ:NWSA) by 8.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 11,783 shares of the company’s stock after buying an additional 950 shares during the period. Dynamic Advisor Solutions LLC’s holdings in News were worth $325,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Brooklyn Investment Group bought a new position in News during the third quarter valued at about $39,000. ORG Wealth Partners LLC acquired a new position in shares of News during the 3rd quarter valued at about $79,000. Wilmington Savings Fund Society FSB bought a new position in shares of News in the 3rd quarter valued at approximately $85,000. Exchange Traded Concepts LLC lifted its holdings in News by 1,419.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 5,045 shares of the company’s stock worth $134,000 after purchasing an additional 4,713 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in News during the fourth quarter worth approximately $137,000. Institutional investors own 66.97% of the company’s stock.

News Stock Down 1.0 %

Shares of NWSA stock opened at $28.15 on Wednesday. The stock has a market cap of $16.01 billion, a P/E ratio of 45.40 and a beta of 1.35. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26. The stock has a fifty day moving average price of $28.31 and a 200 day moving average price of $27.55. News Co. has a one year low of $22.65 and a one year high of $30.03.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NWSA shares. Loop Capital dropped their price target on shares of News from $44.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Guggenheim boosted their target price on shares of News from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. StockNews.com raised News from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Citigroup began coverage on News in a research report on Friday, January 10th. They set a “buy” rating and a $36.00 price objective for the company. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, News currently has an average rating of “Buy” and an average price target of $39.25.

News Company Profile

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.