Deltroit Asset Management UK LLP Buys Shares of 502,839 News Corporation $NWSA

Deltroit Asset Management UK LLP acquired a new position in News Corporation (NASDAQ:NWSA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 502,839 shares of the company’s stock, valued at approximately $13,134,000. News accounts for approximately 1.9% of Deltroit Asset Management UK LLP’s investment portfolio, making the stock its 18th largest position.

A number of other institutional investors have also made changes to their positions in the business. State Street Corp grew its position in News by 16.5% during the third quarter. State Street Corp now owns 31,356,593 shares of the company’s stock worth $965,673,000 after buying an additional 4,448,929 shares in the last quarter. Barclays PLC grew its position in News by 39.5% during the third quarter. Barclays PLC now owns 14,875,615 shares of the company’s stock worth $456,830,000 after buying an additional 4,214,562 shares in the last quarter. 59 North Capital Management LP grew its position in News by 10.7% during the third quarter. 59 North Capital Management LP now owns 14,009,242 shares of the company’s stock worth $430,224,000 after buying an additional 1,358,375 shares in the last quarter. Geode Capital Management LLC grew its position in News by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 10,458,034 shares of the company’s stock worth $272,169,000 after buying an additional 88,157 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in News by 11.7% during the third quarter. AQR Capital Management LLC now owns 9,072,194 shares of the company’s stock worth $278,607,000 after buying an additional 947,687 shares in the last quarter. 66.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

News Price Performance

Shares of NASDAQ NWSA opened at $27.26 on Friday. The firm has a market cap of $14.92 billion, a PE ratio of 13.56 and a beta of 0.88. The company has a current ratio of 1.70, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. News Corporation has a 1-year low of $22.20 and a 1-year high of $31.61. The company has a fifty day moving average price of $25.83 and a 200 day moving average price of $25.41.

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