Texas Yale Capital Corp. Lowers Stock Holdings in News Corp (NASDAQ:NWSA)

Texas Yale Capital Corp. lowered its position in shares of News Corp (NASDAQ:NWSA) by 50.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,205 shares of the company’s stock after selling 17,205 shares during the period. Texas Yale Capital Corp.’s holdings in News were worth $232,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Moody National Bank Trust Division bought a new stake in News in the 1st quarter worth approximately $26,000. Advisor Group Inc. grew its position in News by 83.2% in the 4th quarter. Advisor Group Inc. now owns 3,355 shares of the company’s stock worth $38,000 after purchasing an additional 1,524 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in News in the 4th quarter worth approximately $112,000. Corient Capital Partners LLC bought a new stake in News in the 1st quarter worth approximately $157,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in News in the 1st quarter worth approximately $162,000. 63.93% of the stock is owned by institutional investors.

Shares of NWSA stock traded up $0.65 during mid-day trading on Friday, reaching $13.68. 128,433 shares of the company’s stock traded hands, compared to its average volume of 2,953,503. News Corp has a 12 month low of $10.65 and a 12 month high of $15.44. The firm’s 50 day moving average price is $13.30. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 0.08. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 31.02 and a beta of 1.51.

News (NASDAQ:NWSA) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. News had a negative net margin of 1.60% and a positive return on equity of 2.59%. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the firm posted $0.08 EPS. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, research analysts anticipate that News Corp will post 0.38 earnings per share for the current year.

NWSA has been the subject of a number of research analyst reports. ValuEngine raised shares of News from a “sell” rating to a “hold” rating in a research report on Monday, June 17th. JPMorgan Chase & Co. downgraded shares of News from a “neutral” rating to an “underweight” rating in a research report on Thursday, July 18th. Finally, BidaskClub downgraded shares of News from a “hold” rating to a “sell” rating in a research report on Saturday, July 6th. Three analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. News presently has an average rating of “Hold” and an average price target of $14.17.

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: Gross Domestic Product (GDP)

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Institutional Ownership by Quarter for News (NASDAQ:NWSA)

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