Maven Securities LTD Trims Position in News Co. (NASDAQ:NWSA)

Maven Securities LTD reduced its holdings in News Co. (NASDAQ:NWSA) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 247,836 shares of the company’s stock after selling 464 shares during the period. News comprises 0.1% of Maven Securities LTD’s holdings, making the stock its 22nd biggest position. Maven Securities LTD’s holdings in News were worth $6,833,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NWSA. International Assets Investment Management LLC acquired a new stake in News during the 2nd quarter worth about $26,000. Acadian Asset Management LLC raised its position in News by 95.1% during the second quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock valued at $28,000 after acquiring an additional 506 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in News in the first quarter valued at approximately $34,000. Covestor Ltd boosted its position in News by 125.8% in the 1st quarter. Covestor Ltd now owns 1,727 shares of the company’s stock worth $45,000 after purchasing an additional 962 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of News during the 2nd quarter worth approximately $46,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

Analyst Upgrades and Downgrades

NWSA has been the subject of several analyst reports. Loop Capital boosted their target price on shares of News from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. increased their target price on shares of News from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $38.00.

News Trading Down 0.8 %

Shares of NASDAQ:NWSA opened at $26.41 on Wednesday. The business’s 50 day moving average price is $27.04 and its 200-day moving average price is $26.49. News Co. has a 1 year low of $19.25 and a 1 year high of $28.62. The firm has a market capitalization of $15.05 billion, a price-to-earnings ratio of 73.36 and a beta of 1.34. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.43 and a quick ratio of 1.33.

News (NASDAQ:NWSA) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.49 billion. News had a net margin of 2.64% and a return on equity of 4.51%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $0.14 earnings per share. On average, equities research analysts forecast that News Co. will post 0.87 earnings per share for the current fiscal year.

News Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Wednesday, September 11th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a yield of 0.7%. News’s dividend payout ratio (DPR) is currently 55.56%.

News 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.