Aigen Investment Management LP Takes Position in News Co. (NASDAQ:NWSA)

Aigen Investment Management LP acquired a new position in shares of News Co. (NASDAQ:NWSA) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 7,814 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds have also modified their holdings of the company. O Shaughnessy Asset Management LLC increased its stake in shares of News by 155.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,413 shares of the company’s stock worth $61,000 after purchasing an additional 1,467 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of News by 21.3% during the 1st quarter. Fifth Third Bancorp now owns 2,471 shares of the company’s stock worth $63,000 after purchasing an additional 434 shares in the last quarter. Sowell Financial Services LLC increased its stake in shares of News by 22,169.2% during the 1st quarter. Sowell Financial Services LLC now owns 2,895 shares of the company’s stock worth $75,000 after purchasing an additional 2,882 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of News by 788.3% during the 2nd quarter. Exchange Traded Concepts LLC now owns 3,553 shares of the company’s stock worth $92,000 after purchasing an additional 3,153 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of News by 105.9% during the 1st quarter. Lazard Asset Management LLC now owns 3,966 shares of the company’s stock worth $100,000 after purchasing an additional 2,040 shares in the last quarter. 64.20% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of News from a “buy” rating to a “hold” rating and set a $26.00 price objective for the company. in a research note on Friday, July 9th. UBS Group raised shares of News from a “neutral” rating to a “buy” rating and set a $24.82 target price for the company in a research note on Monday, July 26th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $27.16.

NWSA stock opened at $22.47 on Friday. The stock has a market capitalization of $13.28 billion, a P/E ratio of 40.13 and a beta of 1.52. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.30 and a current ratio of 1.38. News Co. has a one year low of $12.79 and a one year high of $27.97. The company has a 50 day moving average price of $23.53 and a two-hundred day moving average price of $25.21.

News (NASDAQ:NWSA) last released its earnings results on Thursday, August 5th. The company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.05. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.17 billion. News had a net margin of 3.53% and a return on equity of 4.44%. Research analysts forecast that News Co. will post 0.57 earnings per share for the current fiscal year.

The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, October 13th. Shareholders of record on Wednesday, September 15th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, September 14th. This represents a dividend yield of 0.8%. News’s dividend payout ratio (DPR) is presently 29.85%.

About News

News Corp. engages in the creation and distribution of media, news, education, and information services. It operates through the following segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The News and Information Services segment consists of Dow Jones, News Corp Australia, News UK, the New York Post, and News America Marketing.

Featured Story: Learning About the VIX – Volatility Index

Want to see what other hedge funds are holding NWSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for News Co. (NASDAQ:NWSA).

Institutional Ownership by Quarter for News (NASDAQ:NWSA)

Receive News & Ratings for News Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for News and related companies with MarketBeat.com's FREE daily email newsletter.