Texas Permanent School Fund Raises Stake in News Co. (NASDAQ:NWSA)

Texas Permanent School Fund boosted its position in News Co. (NASDAQ:NWSAGet Rating) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,310 shares of the company’s stock after buying an additional 610 shares during the period. Texas Permanent School Fund’s holdings in News were worth $799,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of NWSA. Community Bank N.A. purchased a new stake in News in the second quarter valued at approximately $42,000. Rosenberg Matthew Hamilton purchased a new stake in News in the second quarter valued at approximately $54,000. Dupont Capital Management Corp boosted its position in News by 43.7% in the second quarter. Dupont Capital Management Corp now owns 4,844 shares of the company’s stock valued at $75,000 after buying an additional 1,472 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in News in the first quarter valued at approximately $98,000. Finally, AIA Group Ltd boosted its position in News by 57.4% in the first quarter. AIA Group Ltd now owns 5,006 shares of the company’s stock valued at $111,000 after buying an additional 1,826 shares during the last quarter. Hedge funds and other institutional investors own 64.40% of the company’s stock.

News Trading Down 0.6 %

Shares of NWSA stock opened at $17.83 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.25 and a quick ratio of 1.12. The company has a market cap of $10.26 billion, a price-to-earnings ratio of 22.29 and a beta of 1.28. The stock has a 50 day simple moving average of $16.49 and a 200-day simple moving average of $16.74. News Co. has a 1-year low of $14.87 and a 1-year high of $23.73.

News (NASDAQ:NWSAGet Rating) last announced its earnings results on Tuesday, November 8th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.08). The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.49 billion. News had a return on equity of 7.02% and a net margin of 4.51%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 earnings per share. On average, equities research analysts expect that News Co. will post 0.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. StockNews.com downgraded News from a “buy” rating to a “hold” rating in a report on Thursday, November 10th. Macquarie downgraded News from an “outperform” rating to a “neutral” rating and set a $21.10 price target for the company. in a report on Thursday, July 28th. Guggenheim decreased their price target on News to $32.00 in a report on Thursday, October 20th. Finally, Loop Capital downgraded News from a “buy” rating to a “hold” rating and decreased their price target for the company from $30.00 to $17.00 in a report on Monday, October 17th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, News has an average rating of “Hold” and a consensus target price of $23.37.

News Company Profile

(Get Rating)

News Corp. is a media and information services company, which engages in the creation and distribution of content and other services. It operates through the following segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other. The Digital Real Estate Services segment refers to the firm’s interest in the REA Group, a company with operations focused on property and property-related advertising and services, as well as financial services.

Further Reading

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:NWSAGet Rating).

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.