News Co. (NASDAQ:NWSA) Shares Acquired by Twin Tree Management LP

Twin Tree Management LP lifted its stake in shares of News Co. (NASDAQ:NWSA) by 156.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,378 shares of the company’s stock after purchasing an additional 16,714 shares during the period. Twin Tree Management LP’s holdings in News were worth $754,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC boosted its holdings in shares of News by 2,392.9% during the 4th quarter. Larson Financial Group LLC now owns 1,047 shares of the company’s stock worth $29,000 after purchasing an additional 1,005 shares during the last quarter. Brooklyn Investment Group acquired a new position in News in the third quarter valued at approximately $39,000. R Squared Ltd acquired a new position in News in the fourth quarter valued at approximately $49,000. Smartleaf Asset Management LLC lifted its holdings in News by 49.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,989 shares of the company’s stock valued at $55,000 after acquiring an additional 660 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in News in the third quarter valued at approximately $85,000. 66.97% of the stock is currently owned by institutional investors and hedge funds.

News Stock Down 1.3 %

NASDAQ:NWSA opened at $26.80 on Wednesday. The company has a quick ratio of 1.65, a current ratio of 1.73 and a debt-to-equity ratio of 0.22. The stock’s fifty day moving average is $28.18 and its two-hundred day moving average is $27.78. News Co. has a 52 week low of $22.65 and a 52 week high of $30.69. The stock has a market capitalization of $15.21 billion, a price-to-earnings ratio of 36.71 and a beta of 1.34.

News (NASDAQ:NWSA) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. News had a return on equity of 5.31% and a net margin of 4.22%. Research analysts anticipate that News Co. will post 0.94 EPS for the current year.

News Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Wednesday, March 12th. News’s dividend payout ratio is currently 27.40%.

Analysts Set New Price Targets

NWSA has been the topic of a number of recent analyst reports. Seaport Res Ptn upgraded News to a “strong-buy” rating in a report on Friday, January 31st. UBS Group upgraded News from a “neutral” rating to a “buy” rating in a report on Tuesday, February 4th. StockNews.com upgraded News from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Guggenheim upped their price target on News from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Citigroup started coverage on News in a research note on Friday, January 10th. They set a “buy” rating and a $36.00 price target on the stock. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $39.25.

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 through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.