XY Capital Ltd Cuts Position in News Corporation $NWS

XY Capital Ltd reduced its position in News Corporation (NASDAQ:NWS) by 29.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 74,310 shares of the company’s stock after selling 30,832 shares during the quarter. News makes up approximately 2.1% of XY Capital Ltd’s investment portfolio, making the stock its 20th biggest position. XY Capital Ltd’s holdings in News were worth $2,119,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NWS. Vanguard Group Inc. grew its stake in News by 15.2% during the fourth quarter. Vanguard Group Inc. now owns 10,163,392 shares of the company’s stock worth $301,141,000 after buying an additional 1,344,287 shares during the period. JPMorgan Chase & Co. raised its stake in shares of News by 14.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 661,412 shares of the company’s stock valued at $22,852,000 after acquiring an additional 81,986 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of News by 60.4% during the 4th quarter. Hsbc Holdings PLC now owns 268,349 shares of the company’s stock valued at $7,971,000 after acquiring an additional 101,018 shares in the last quarter. CWM LLC lifted its holdings in shares of News by 896.1% during the 4th quarter. CWM LLC now owns 55,780 shares of the company’s stock valued at $1,653,000 after acquiring an additional 50,180 shares in the last quarter. Finally, Metropolis Capital Ltd boosted its position in News by 13.8% during the 4th quarter. Metropolis Capital Ltd now owns 871,785 shares of the company’s stock worth $25,831,000 after purchasing an additional 105,669 shares during the period. Institutional investors and hedge funds own 14.63% of the company’s stock.

News Trading Down 3.1%

NASDAQ NWS opened at $31.21 on Wednesday. The company’s fifty day simple moving average is $30.10 and its 200-day simple moving average is $29.16. News Corporation has a 52 week low of $25.49 and a 52 week high of $35.58. The company has a current ratio of 1.70, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. The stock has a market cap of $17.09 billion, a P/E ratio of 15.53 and a beta of 0.88.

News (NASDAQ:NWS) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. News had a net margin of 12.92% and a return on equity of 6.12%. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.12 billion. Equities research analysts predict that News Corporation will post 0.96 EPS for the current fiscal year.

Analysts Set New Price Targets

NWS has been the topic of several research reports. Weiss Ratings raised News from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Zacks Research raised News from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, News currently has a consensus rating of “Strong Buy”.

About News

News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.