AM Squared Ltd Invests $584,000 in News Co. (NASDAQ:NWSA)

AM Squared Ltd acquired a new position in News Co. (NASDAQ:NWSA) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 23,800 shares of the company’s stock, valued at approximately $584,000. News accounts for 1.2% of AM Squared Ltd’s investment portfolio, making the stock its 8th largest position.

Other institutional investors have also made changes to their positions in the company. ExodusPoint Capital Management LP acquired a new stake in News during the fourth quarter worth about $30,000. Ronald Blue Trust Inc. grew its position in News by 104.8% during the third quarter. Ronald Blue Trust Inc. now owns 1,608 shares of the company’s stock worth $31,000 after buying an additional 823 shares in the last quarter. Bessemer Group Inc. grew its position in News by 50.5% during the fourth quarter. Bessemer Group Inc. now owns 2,313 shares of the company’s stock worth $42,000 after buying an additional 776 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in News during the first quarter worth about $48,000. Finally, Financial Management Professionals Inc. acquired a new stake in News during the fourth quarter worth about $49,000. 66.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

News Price Performance

Shares of NWSA traded up $0.17 on Wednesday, hitting $24.27. The company’s stock had a trading volume of 603,612 shares, compared to its average volume of 2,803,542. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.33. The company has a 50 day moving average price of $25.87 and a 200 day moving average price of $23.70. News Co. has a fifty-two week low of $16.35 and a fifty-two week high of $28.00. The company has a market capitalization of $13.86 billion, a PE ratio of 60.25 and a beta of 1.33.

News (NASDAQ:NWSA) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. News had a net margin of 2.29% and a return on equity of 4.14%. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the previous year, the company posted $0.14 EPS. News’s revenue was up 2.7% on a year-over-year basis. On average, research analysts anticipate that News Co. will post 0.72 earnings per share for the current fiscal year.

News Dividend Announcement

The firm also recently announced a Semi-Annual dividend, which was paid on Wednesday, April 10th. Shareholders of record on Wednesday, March 13th were given a dividend of $0.10 per share. This represents a dividend yield of 0.8%. The ex-dividend date was Tuesday, March 12th. News’s payout ratio is 50.00%.

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.