News Corp (NWSA) Shares Sold by Strs Ohio

Strs Ohio lessened its stake in News Corp (NASDAQ:NWSA) by 83.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 43,829 shares of the company’s stock after selling 221,118 shares during the quarter. Strs Ohio’s holdings in News were worth $578,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in NWSA. Pzena Investment Management LLC boosted its holdings in News by 1.3% during the second quarter. Pzena Investment Management LLC now owns 22,271,937 shares of the company’s stock worth $345,215,000 after purchasing an additional 280,602 shares during the last quarter. Millennium Management LLC lifted its stake in News by 126.8% in the first quarter. Millennium Management LLC now owns 487,538 shares of the company’s stock valued at $7,703,000 after acquiring an additional 272,542 shares during the last quarter. Bank of Montreal Can lifted its stake in News by 9.8% in the third 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 during the last quarter. SG Americas Securities LLC lifted its stake in News by 67.5% in the second quarter. SG Americas Securities LLC now owns 171,362 shares of the company’s stock valued at $2,656,000 after acquiring an additional 69,082 shares during the last quarter. Finally, United Services Automobile Association lifted its stake in News by 30.1% in the second quarter. United Services Automobile Association now owns 273,716 shares of the company’s stock valued at $4,243,000 after acquiring an additional 63,335 shares during the last quarter. Institutional investors own 60.49% of the company’s stock.

A number of brokerages have commented on NWSA. Zacks Investment Research cut shares of News from a “hold” rating to a “sell” rating in a research note on Wednesday, October 10th. Goldman Sachs Group upgraded shares of News from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 9th. ValuEngine upgraded shares of News from a “sell” rating to a “hold” rating in a research note on Friday, September 28th. Loop Capital upgraded shares of News from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Tuesday, September 4th. Finally, UBS Group upgraded shares of News from a “sell” rating to a “neutral” rating in a research note on Wednesday, August 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $15.50.

Shares of NWSA opened at $14.24 on Friday. The stock has a market capitalization of $7.83 billion, a PE ratio of 24.42, a P/E/G ratio of 5.16 and a beta of 1.61. News Corp has a fifty-two week low of $12.23 and a fifty-two week 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 issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.12. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.53 billion. News had a negative net margin of 15.61% and a positive return on equity of 2.98%. The company’s revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 earnings per share. Equities research analysts anticipate that News Corp will post 0.38 EPS for the current fiscal year.

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About News

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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Institutional Ownership by Quarter for News (NASDAQ:NWSA)

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