Susquehanna International Group LLP Buys 109,817 Shares of News Co. (NASDAQ:NWSA)

Susquehanna International Group LLP increased its stake in shares of News Co. (NASDAQ:NWSA) by 302.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 146,112 shares of the company’s stock after acquiring an additional 109,817 shares during the quarter. Susquehanna International Group LLP’s holdings in News were worth $2,626,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale grew its stake in shares of News by 5.2% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 22,705 shares of the company’s stock valued at $405,000 after purchasing an additional 1,127 shares during the last quarter. Childress Capital Advisors LLC bought a new position in News in the fourth quarter valued at approximately $27,000. Amundi Pioneer Asset Management Inc. boosted its stake in News by 93.4% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 534,700 shares of the company’s stock valued at $9,609,000 after acquiring an additional 258,209 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in News in the fourth quarter valued at approximately $416,000. Finally, Norges Bank bought a new position in News in the fourth quarter valued at approximately $102,780,000. 61.15% of the stock is currently owned by institutional investors and hedge funds.

NWSA opened at $26.42 on Thursday. The firm’s fifty day moving average is $25.03 and its two-hundred day moving average is $19.10. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.18 and a current ratio of 1.25. The firm has a market cap of $15.61 billion, a PE ratio of -15.45 and a beta of 1.61. News Co. has a twelve month low of $8.26 and a twelve month high of $27.68.

News (NASDAQ:NWSA) last posted its earnings results on Thursday, February 4th. The company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.25. The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.16 billion. News had a negative net margin of 11.47% and a positive return on equity of 1.70%. Equities analysts forecast that News Co. will post 0.23 EPS for the current fiscal year.

The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, April 14th. Shareholders of record on Wednesday, March 17th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, March 16th. This represents a yield of 0.9%. News’s dividend payout ratio (DPR) is presently 90.91%.

A number of brokerages have issued reports on NWSA. Morgan Stanley raised shares of News from an “underweight” rating to an “overweight” rating and raised their price objective for the company from $15.00 to $30.00 in a research note on Friday, February 12th. JPMorgan Chase & Co. raised shares of News from a “neutral” rating to an “overweight” rating and set a $23.00 price objective on the stock in a research note on Wednesday, January 27th. They noted that the move was a valuation call. Finally, Guggenheim raised shares of News from a “neutral” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Wednesday, March 24th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $24.00.

News Profile

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

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Institutional Ownership by Quarter for News (NASDAQ:NWSA)

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