News Co. (NASDAQ:NWSA) Shares Acquired by NINE MASTS CAPITAL Ltd

NINE MASTS CAPITAL Ltd increased its stake in News Co. (NASDAQ:NWSA) by 49.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 364,396 shares of the company’s stock after purchasing an additional 121,147 shares during the quarter. News comprises about 1.8% of NINE MASTS CAPITAL Ltd’s portfolio, making the stock its 9th biggest holding. NINE MASTS CAPITAL Ltd’s holdings in News were worth $10,035,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of NWSA. Mirae Asset Global Investments Co. Ltd. raised its position in News by 43.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,308 shares of the company’s stock worth $750,000 after acquiring an additional 8,547 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in News by 37.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,358 shares of the company’s stock worth $382,000 after acquiring an additional 3,887 shares in the last quarter. State of Alaska Department of Revenue raised its position in News by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 44,214 shares of the company’s stock worth $1,177,000 after acquiring an additional 2,980 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in News by 12.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 139,571 shares of the company’s stock worth $3,717,000 after acquiring an additional 15,856 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its position in News by 1.6% in the third quarter. Asset Management One Co. Ltd. now owns 150,873 shares of the company’s stock worth $4,018,000 after acquiring an additional 2,441 shares in the last quarter. Institutional investors and hedge funds own 66.97% of the company’s stock.

News Price Performance

NASDAQ NWSA opened at $28.62 on Monday. The stock’s 50-day moving average price is $28.26 and its two-hundred day moving average price is $27.82. The company has a current ratio of 1.73, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22. The company has a market cap of $16.24 billion, a PE ratio of 39.21 and a beta of 1.35. News Co. has a 1 year low of $22.65 and a 1 year high of $30.69.

News (NASDAQ:NWSA) last issued its earnings results on Wednesday, February 5th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. News had a return on equity of 5.31% and a net margin of 4.22%. On average, analysts predict that News Co. will post 0.94 EPS for the current year.

News Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Wednesday, March 12th. News’s dividend payout ratio (DPR) is currently 27.40%.

Analyst Ratings Changes

NWSA has been the topic of several research reports. Guggenheim boosted their price target on shares of News from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Seaport Res Ptn upgraded shares of News to a “strong-buy” rating in a research report on Friday, January 31st. Citigroup initiated coverage on shares of News in a research report on Friday, January 10th. They issued a “buy” rating and a $36.00 price target on the stock. Loop Capital cut their price objective on News from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. Finally, UBS Group upgraded News from a “neutral” rating to a “buy” rating in a report on Tuesday, February 4th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $39.25.

News Profile

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.