Dendur Capital LP Buys 292,000 Shares of News Co. (NASDAQ:NWSA)

Dendur Capital LP grew its stake in shares of News Co. (NASDAQ:NWSA - Free Report) by 13.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,403,000 shares of the company's stock after acquiring an additional 292,000 shares during the period. News accounts for 6.8% of Dendur Capital LP's holdings, making the stock its 4th largest position. Dendur Capital LP owned about 0.42% of News worth $66,179,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC increased its position in News by 124.0% during the third quarter. Barclays PLC now owns 14,713,823 shares of the company's stock worth $391,832,000 after acquiring an additional 8,144,856 shares during the period. Virtu Financial LLC grew its position in shares of News by 73.0% during the 3rd quarter. Virtu Financial LLC now owns 254,650 shares of the company's stock worth $6,781,000 after purchasing an additional 107,433 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of News during the third quarter worth approximately $238,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of News in the third quarter valued at approximately $85,000. Finally, Tidal Investments LLC boosted its stake in shares of News by 148.7% in the third quarter. Tidal Investments LLC now owns 22,050 shares of the company's stock valued at $587,000 after buying an additional 13,184 shares during the period. Institutional investors and hedge funds own 66.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Guggenheim lifted their price objective on News from $40.00 to $43.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. StockNews.com cut shares of News from a "buy" rating to a "hold" rating in a research report on Monday, April 14th. Seaport Res Ptn upgraded shares of News to a "strong-buy" rating in a research note on Friday, January 31st. Citigroup started coverage on shares of News in a research report on Friday, January 10th. They issued a "buy" rating and a $36.00 target price for the company. Finally, Morgan Stanley decreased their price objective on shares of News from $38.00 to $37.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $38.80.

News Stock Up 3.3 %

Shares of NASDAQ:NWSA opened at $26.18 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.73. News Co. has a 52-week low of $22.65 and a 52-week high of $30.69. The company has a market capitalization of $14.85 billion, a PE ratio of 35.86 and a beta of 1.24. The company has a fifty day moving average of $27.12 and a 200-day moving average of $27.70.

News (NASDAQ:NWSA - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. News had a return on equity of 5.31% and a net margin of 4.22%. On average, equities analysts predict that News Co. will post 0.94 EPS for the current fiscal year.

News Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Wednesday, March 12th. News's payout ratio is 27.40%.

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.

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