Teza Capital Management LLC Boosts Holdings in News Corporation $NWSA

Teza Capital Management LLC lifted its position in News Corporation (NASDAQ:NWSA) by 207.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,239 shares of the company’s stock after purchasing an additional 19,059 shares during the period. Teza Capital Management LLC’s holdings in News were worth $769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of NWSA. Ameriprise Financial Inc. lifted its stake in News by 13.0% in the 4th quarter. Ameriprise Financial Inc. now owns 1,293,314 shares of the company’s stock worth $35,619,000 after purchasing an additional 148,422 shares in the last quarter. Crestline Management LP purchased a new stake in News in the fourth quarter valued at approximately $248,000. Deutsche Bank AG boosted its position in shares of News by 291.2% during the fourth quarter. Deutsche Bank AG now owns 4,941,467 shares of the company’s stock worth $136,088,000 after buying an additional 3,678,215 shares during the period. D. E. Shaw & Co. Inc. grew its stake in shares of News by 29.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 332,061 shares of the company’s stock valued at $9,145,000 after buying an additional 74,840 shares in the last quarter. Finally, FORA Capital LLC purchased a new stake in News during the fourth quarter worth about $380,000. 66.97% of the stock is owned by institutional investors and hedge funds.

News Trading Up 0.5%

News stock opened at $29.44 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.72 and a debt-to-equity ratio of 0.21. The stock has a market cap of $16.63 billion, a PE ratio of 14.15 and a beta of 1.18. The stock has a 50-day moving average price of $29.46 and a 200 day moving average price of $28.14. News Corporation has a 52 week low of $23.38 and a 52 week high of $30.75.

News (NASDAQ:NWSA) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. News had a return on equity of 5.66% and a net margin of 13.21%.The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the company earned $0.17 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis. Equities research analysts predict that News Corporation will post 0.94 earnings per share for the current fiscal year.

News Dividend Announcement

The firm also recently disclosed a half year 25 dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.10 per share. This represents a yield of 70.0%. The ex-dividend date is Wednesday, September 10th. News’s payout ratio is currently 9.62%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NWSA. Wall Street Zen cut News from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. JPMorgan Chase & Co. upped their target price on News from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Macquarie restated a “neutral” rating and issued a $32.70 price objective on shares of News in a research note on Wednesday, August 6th. Finally, Guggenheim restated a “buy” rating and set a $45.00 price target on shares of News in a research note on Thursday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $38.62.

News Company 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.