News Corporation $NWSA Shares Sold by Groupama Asset Managment

Groupama Asset Managment lowered its position in News Corporation (NASDAQ:NWSA) by 73.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,500 shares of the company’s stock after selling 40,179 shares during the period. Groupama Asset Managment’s holdings in News were worth $427,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of NWSA. Cullen Frost Bankers Inc. acquired a new position in News in the 2nd quarter worth about $30,000. Caitong International Asset Management Co. Ltd boosted its position in News by 12,084.6% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,584 shares of the company’s stock worth $43,000 after purchasing an additional 1,571 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of News in the first quarter valued at approximately $73,000. Allworth Financial LP raised its stake in shares of News by 160.1% during the 2nd quarter. Allworth Financial LP now owns 3,361 shares of the company’s stock worth $100,000 after buying an additional 2,069 shares during the period. Finally, True Wealth Design LLC lifted its position in shares of News by 661.1% during the 2nd quarter. True Wealth Design LLC now owns 3,448 shares of the company’s stock valued at $102,000 after buying an additional 2,995 shares in the last quarter. 66.97% of the stock is currently owned by institutional investors and hedge funds.

News Stock Up 0.4%

NWSA stock opened at $25.69 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.63 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average of $26.92 and a two-hundred day moving average of $28.30. News Corporation has a 12 month low of $23.38 and a 12 month high of $31.61. The company has a market cap of $14.42 billion, a price-to-earnings ratio of 12.41 and a beta of 1.15.

News (NASDAQ:NWSA) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. News had a return on equity of 5.68% and a net margin of 13.80%.The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period in the prior year, the business earned $0.21 earnings per share. The business’s revenue was down 16.8% compared to the same quarter last year. As a group, analysts forecast that News Corporation will post 0.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NWSA shares. Zacks Research lowered shares of News from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. Guggenheim cut their target price on shares of News from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Macquarie reaffirmed a “neutral” rating and issued a $32.70 price target on shares of News in a research note on Wednesday, August 6th. JPMorgan Chase & Co. cut their price objective on News from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of News in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.95.

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.