Andra AP fonden Sells 123,700 Shares of News Corp (NWSA)

Andra AP fonden decreased its position in shares of News Corp (NASDAQ:NWSA) by 33.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 244,400 shares of the company’s stock after selling 123,700 shares during the quarter. Andra AP fonden’s holdings in News were worth $3,224,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bank of Montreal Can boosted its holdings in shares of News by 9.8% during the 3rd quarter. Bank of Montreal Can now owns 1,164,419 shares of the company’s stock valued at $15,359,000 after acquiring an additional 103,808 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in News by 14.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 86,583 shares of the company’s stock worth $1,141,000 after buying an additional 10,663 shares during the period. United Services Automobile Association lifted its holdings in News by 30.1% during the 2nd quarter. United Services Automobile Association now owns 273,716 shares of the company’s stock worth $4,243,000 after buying an additional 63,335 shares during the period. Putnam Investments LLC lifted its holdings in News by 4.9% during the 2nd quarter. Putnam Investments LLC now owns 428,548 shares of the company’s stock worth $6,643,000 after buying an additional 20,006 shares during the period. Finally, Paloma Partners Management Co acquired a new position in News during the 2nd quarter worth about $818,000. 60.87% of the stock is currently owned by institutional investors.

Several research analysts have commented on NWSA shares. Zacks Investment Research downgraded News from a “hold” rating to a “sell” rating in a report on Tuesday, July 3rd. ValuEngine raised News from a “hold” rating to a “buy” rating in a report on Tuesday, July 10th. Morgan Stanley downgraded News from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $17.00 to $12.50 in a report on Monday, August 20th. UBS Group raised News from a “sell” rating to a “neutral” rating in a report on Wednesday, August 29th. Finally, Loop Capital raised News from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Tuesday, September 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. News has a consensus rating of “Hold” and an average price target of $15.50.



Shares of NWSA opened at $12.67 on Friday. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 28.80, a P/E/G ratio of 4.76 and a beta of 1.86. News Corp has a 12 month low of $12.23 and a 12 month high of $17.29. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.22 and a current ratio of 1.33.

News (NASDAQ:NWSA) last announced its earnings results on Thursday, August 9th. The company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.36 billion. News had a positive return on equity of 2.41% and a negative net margin of 16.78%. The business’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS. On average, equities research analysts forecast that News Corp will post 0.41 EPS for the current year.

The firm also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, October 17th. Stockholders of record on Wednesday, September 12th were paid a $0.10 dividend. This represents a dividend yield of 1.47%. The ex-dividend date was Tuesday, September 11th. News’s dividend payout ratio is 45.45%.

News Profile

News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.

Further Reading: Leveraged Buyout (LBO) Explained

Institutional Ownership by Quarter for News (NASDAQ:NWSA)

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