News Corp (NASDAQ:NWSA) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 10,087,500 shares, an increase of 12.0% from the May 30th total of 9,008,400 shares. Currently, 2.6% of the shares of the company are short sold. Based on an average daily volume of 2,970,000 shares, the days-to-cover ratio is currently 3.4 days.
A number of institutional investors have recently bought and sold shares of the business. Harris Associates L P lifted its position in News by 45.7% during the 4th quarter. Harris Associates L P now owns 15,819,883 shares of the company’s stock worth $179,556,000 after acquiring an additional 4,958,645 shares during the period. Thompson Siegel & Walmsley LLC lifted its position in News by 6.3% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 7,027,238 shares of the company’s stock worth $87,419,000 after acquiring an additional 415,921 shares during the period. Dimensional Fund Advisors LP lifted its position in News by 47.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,510,010 shares of the company’s stock worth $73,888,000 after acquiring an additional 2,095,255 shares during the period. Geode Capital Management LLC lifted its position in News by 8.4% during the 4th quarter. Geode Capital Management LLC now owns 5,592,594 shares of the company’s stock worth $63,378,000 after acquiring an additional 431,498 shares during the period. Finally, Northern Trust Corp lifted its position in News by 9.0% during the 4th quarter. Northern Trust Corp now owns 4,597,084 shares of the company’s stock worth $52,176,000 after acquiring an additional 380,840 shares during the period. 63.96% of the stock is owned by institutional investors.
NWSA has been the subject of a number of research analyst reports. ValuEngine raised United Overseas Bank from a “sell” rating to a “hold” rating in a research report on Monday, June 17th. BidaskClub raised Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th. Finally, Zacks Investment Research cut Wix.Com from a “hold” rating to a “sell” rating in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. News currently has an average rating of “Hold” and an average target price of $14.17.
News (NASDAQ:NWSA) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. News had a positive return on equity of 2.59% and a negative net margin of 1.60%. The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same period last year, the firm earned $0.06 EPS. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. As a group, equities analysts predict that News will post 0.38 EPS for the current year.
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.
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