First Quadrant L P CA bought a new position in shares of News Corporation (NASDAQ:NWSA) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 165,140 shares of the company’s stock, valued at approximately $2,262,000.
Several other large investors have also bought and sold shares of the stock. Louisiana State Employees Retirement System boosted its stake in News Corporation by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 23,700 shares of the company’s stock worth $325,000 after buying an additional 200 shares during the period. LS Investment Advisors LLC boosted its stake in News Corporation by 8.5% in the second quarter. LS Investment Advisors LLC now owns 20,093 shares of the company’s stock worth $275,000 after buying an additional 1,572 shares during the period. CrestPoint Capital Management LLC boosted its stake in News Corporation by 1,027.0% in the second quarter. CrestPoint Capital Management LLC now owns 171,300 shares of the company’s stock worth $2,347,000 after buying an additional 156,100 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in News Corporation by 1.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 247,235 shares of the company’s stock worth $3,387,000 after buying an additional 3,800 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in News Corporation by 518.3% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 61,019 shares of the company’s stock worth $836,000 after buying an additional 51,150 shares during the period. Hedge funds and other institutional investors own 92.72% of the company’s stock.
Shares of News Corporation (NASDAQ:NWSA) opened at 13.98 on Tuesday. News Corporation has a 12-month low of $10.99 and a 12-month high of $14.68. The company has a 50-day moving average price of $13.59 and a 200 day moving average price of $12.91. The firm’s market capitalization is $8.13 billion.
News Corporation (NASDAQ:NWSA) last issued its earnings results on Tuesday, May 9th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. News Corporation had a negative net margin of 2.64% and a positive return on equity of 1.77%. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period in the prior year, the business posted $0.04 earnings per share. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities analysts expect that News Corporation will post $0.37 earnings per share for the current year.
A number of research firms have recently commented on NWSA. Rosenblatt Securities began coverage on News Corporation in a research report on Friday, July 14th. They set a “buy” rating and a $17.00 target price on the stock. Jefferies Group LLC restated a “buy” rating and set a $17.00 target price on shares of News Corporation in a research report on Monday, May 22nd. Finally, Zacks Investment Research cut News Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $15.20.
About News Corporation
News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.
Want to see what other hedge funds are holding NWSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for News Corporation (NASDAQ:NWSA).
Receive News & Ratings for News Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for News Corporation and related companies with MarketBeat.com's FREE daily email newsletter.