368,114 Shares in News Corporation $NWSA Purchased by River Road Asset Management LLC

River Road Asset Management LLC acquired a new stake in News Corporation (NASDAQ:NWSA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 368,114 shares of the company’s stock, valued at approximately $9,615,000. River Road Asset Management LLC owned about 0.07% of News at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of News by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,556 shares of the company’s stock valued at $1,022,000 after purchasing an additional 1,950 shares during the last quarter. United Services Automobile Association acquired a new position in shares of News during the 1st quarter worth approximately $206,000. Empowered Funds LLC purchased a new stake in News in the 1st quarter valued at approximately $204,000. Focus Partners Wealth lifted its stake in News by 44.4% in the 1st quarter. Focus Partners Wealth now owns 16,618 shares of the company’s stock valued at $452,000 after buying an additional 5,106 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in News during the 2nd quarter valued at $545,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

Analyst Upgrades and Downgrades

NWSA has been the subject of a number of analyst reports. Weiss Ratings raised News from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Citigroup dropped their price objective on News from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Wall Street Zen upgraded shares of News from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Zacks Research raised shares of News from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 5th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $34.00 price target on shares of News in a report on Sunday, May 10th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $37.14.

News Price Performance

Shares of NASDAQ:NWSA opened at $25.28 on Friday. The company has a market cap of $13.84 billion, a P/E ratio of 12.58 and a beta of 0.88. The business has a fifty day simple moving average of $26.15 and a 200-day simple moving average of $25.46. News Corporation has a 52 week low of $22.20 and a 52 week high of $31.61. The company has a quick ratio of 1.59, a current ratio of 1.70 and a debt-to-equity ratio of 0.21.

News (NASDAQ:NWSA) last released its earnings results on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.05. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.11 billion. News had a return on equity of 6.12% and a net margin of 12.92%.The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 earnings per share. Equities research analysts forecast that News Corporation will post 0.92 EPS for the current year.

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.