Swiss National Bank Has $29.16 Million Holdings in News Co. (NASDAQ:NWSA)

Swiss National Bank trimmed its stake in News Co. (NASDAQ:NWSA) by 3.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,187,775 shares of the company’s stock after selling 37,900 shares during the period. Swiss National Bank owned 0.21% of News worth $29,160,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Lindbrook Capital LLC increased its position in shares of News by 153.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,635 shares of the company’s stock worth $40,000 after purchasing an additional 989 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in News in the 4th quarter valued at about $49,000. Blue Trust Inc. raised its stake in shares of News by 65.1% in the fourth quarter. Blue Trust Inc. now owns 2,655 shares of the company’s stock worth $65,000 after acquiring an additional 1,047 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of News by 120.5% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,897 shares of the company’s stock valued at $71,000 after purchasing an additional 1,583 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in News during the 4th quarter worth $88,000. Institutional investors own 66.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NWSA. Macquarie raised News from a “neutral” rating to an “outperform” rating in a report on Thursday, February 8th. StockNews.com upgraded News from a “hold” rating to a “buy” rating in a report on Friday, January 19th. Finally, TheStreet raised News from a “c+” rating to a “b” rating in a research note on Wednesday, February 7th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $29.50.

News Stock Down 1.1 %

News stock opened at $24.14 on Thursday. News Co. has a twelve month low of $16.35 and a twelve month high of $28.00. The company has a quick ratio of 1.33, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average of $25.28 and a 200-day moving average of $24.07. The stock has a market capitalization of $13.79 billion, a PE ratio of 60.35 and a beta of 1.35.

News (NASDAQ:NWSA) last released its earnings results on Wednesday, May 8th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. The firm had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.45 billion. News had a return on equity of 4.14% and a net margin of 2.29%. The company’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 EPS. On average, equities research analysts anticipate that News Co. will post 0.71 EPS for the current fiscal year.

News Company Profile

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services 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.