Landscape Capital Management L.L.C. Makes New Investment in News Corporation $NWSA

Landscape Capital Management L.L.C. bought a new stake in News Corporation (NASDAQ:NWSA) in the third quarter, Holdings Channel.com reports. The firm bought 300,000 shares of the company’s stock, valued at approximately $9,213,000. News makes up about 0.6% of Landscape Capital Management L.L.C.’s holdings, making the stock its 26th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CYBER HORNET ETFs LLC purchased a new stake in News during the 2nd quarter valued at about $30,000. Root Financial Partners LLC purchased a new position in News in the 3rd quarter worth approximately $35,000. Rothschild Investment LLC boosted its holdings in shares of News by 120.0% during the 3rd quarter. Rothschild Investment LLC now owns 1,749 shares of the company’s stock worth $54,000 after purchasing an additional 954 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of News by 87.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,396 shares of the company’s stock worth $74,000 after purchasing an additional 1,121 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in shares of News in the third quarter valued at approximately $89,000. 66.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on NWSA shares. Weiss Ratings downgraded News from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 26th. Morgan Stanley set a $32.40 price objective on shares of News in a research report on Friday, February 6th. Wall Street Zen lowered shares of News from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Zacks Research upgraded shares of News from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Finally, Guggenheim reduced their price target on shares of News from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.02.

News Trading Up 1.8%

NWSA traded up $0.43 on Friday, hitting $24.01. The company had a trading volume of 429,500 shares, compared to its average volume of 3,860,639. The company’s fifty day moving average price is $24.93 and its 200 day moving average price is $26.46. News Corporation has a 1 year low of $22.20 and a 1 year high of $31.61. The company has a current ratio of 1.81, a quick ratio of 1.69 and a debt-to-equity ratio of 0.20. The firm has a market cap of $13.33 billion, a P/E ratio of 11.79 and a beta of 0.98.

News (NASDAQ:NWSA) last announced its earnings results on Thursday, February 5th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.07. The company had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.30 billion. News had a net margin of 13.35% and a return on equity of 5.94%. News’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 earnings per share. As a group, equities analysts expect that News Corporation will post 0.94 earnings per share for the current year.

News Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 11th will be issued a $0.10 dividend. This represents a yield of 83.0%. The ex-dividend date is Wednesday, March 11th. News’s dividend payout ratio (DPR) is 9.85%.

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.