GSA Capital Partners LLP Purchases 65,627 Shares of News Corporation $NWSA

GSA Capital Partners LLP boosted its position in News Corporation (NASDAQ:NWSA) by 155.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 107,835 shares of the company’s stock after acquiring an additional 65,627 shares during the period. GSA Capital Partners LLP’s holdings in News were worth $2,817,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in NWSA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in News by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,556 shares of the company’s stock worth $1,022,000 after buying an additional 1,950 shares during the last quarter. United Services Automobile Association bought a new position in News during the first quarter worth about $206,000. Empowered Funds LLC bought a new position in News during the first quarter worth about $204,000. Focus Partners Wealth boosted its holdings in News by 44.4% during the first quarter. Focus Partners Wealth now owns 16,618 shares of the company’s stock worth $452,000 after buying an additional 5,106 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new position in News during the second quarter worth about $545,000. Institutional investors own 66.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NWSA shares. Wall Street Zen upgraded News from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research upgraded News from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Citigroup reduced their target price on News from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Morgan Stanley restated an “overweight” rating and set a $34.00 target price on shares of News in a report on Sunday, May 10th. Finally, Weiss Ratings cut News from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $37.14.

News Stock Up 1.4%

Shares of News stock opened at $26.27 on Tuesday. The business’s 50 day simple moving average is $25.21 and its 200 day simple moving average is $25.39. News Corporation has a 52-week low of $22.20 and a 52-week high of $31.61. The firm has a market cap of $14.38 billion, a PE ratio of 13.07 and a beta of 0.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.59 and a current ratio of 1.70.

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

News Company 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.