Metropolis Capital Ltd Has $220.26 Million Stock Position in News Corporation $NWSA

Metropolis Capital Ltd increased its holdings in shares of News Corporation (NASDAQ:NWSA) by 26.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,835,157 shares of the company’s stock after acquiring an additional 1,843,900 shares during the quarter. News makes up about 7.5% of Metropolis Capital Ltd’s holdings, making the stock its 7th largest position. Metropolis Capital Ltd’s holdings in News were worth $220,260,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of News during the 3rd quarter valued at $31,000. CYBER HORNET ETFs LLC purchased a new position in shares of News in the 2nd quarter worth about $30,000. Advisory Services Network LLC bought a new position in News during the third quarter valued at about $35,000. Brown Brothers Harriman & Co. increased its holdings in News by 154.5% during the third quarter. Brown Brothers Harriman & Co. now owns 1,285 shares of the company’s stock worth $39,000 after buying an additional 780 shares during the last quarter. Finally, Global Retirement Partners LLC increased its holdings in News by 561.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,732 shares of the company’s stock worth $45,000 after buying an additional 1,470 shares during the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

News Price Performance

NASDAQ NWSA opened at $25.41 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.70 and a debt-to-equity ratio of 0.21. The company has a market cap of $13.91 billion, a PE ratio of 12.64 and a beta of 0.88. News Corporation has a 52 week low of $22.20 and a 52 week high of $31.61. The firm’s 50-day simple moving average is $26.17 and its two-hundred day simple moving average is $25.44.

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

Analyst Ratings Changes

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

News Profile

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.