News Corp Class A (NWSA) Stock Price Down 13.5%

News Corp Class A (NASDAQ:NWSA) traded down 13.5% during trading on Friday . The stock traded as low as $13.00 and last traded at $13.20. 5,992,180 shares changed hands during mid-day trading, an increase of 199% from the average session volume of 2,004,915 shares. The stock had previously closed at $15.26.

A number of brokerages recently commented on NWSA. Zacks Investment Research raised News Corp Class A from a “sell” rating to a “hold” rating in a research note on Thursday, May 10th. ValuEngine raised News Corp Class A from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $17.00.

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market capitalization of $8.89 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 4.16 and a beta of 1.88.

News Corp Class A (NASDAQ:NWSA) last posted its earnings results on Thursday, August 9th. The company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.36 billion. News Corp Class A had a positive return on equity of 2.39% and a negative net margin of 16.78%. The company’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 earnings per share. equities analysts expect that News Corp Class A will post 0.47 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of NWSA. Assetmark Inc. increased its position in News Corp Class A by 3,971.7% during the first quarter. Assetmark Inc. now owns 7,492 shares of the company’s stock worth $118,000 after buying an additional 7,308 shares during the last quarter. Dupont Capital Management Corp boosted its stake in shares of News Corp Class A by 74.0% in the second quarter. Dupont Capital Management Corp now owns 7,984 shares of the company’s stock valued at $124,000 after buying an additional 3,396 shares during the period. Greenleaf Trust bought a new stake in shares of News Corp Class A in the second quarter valued at approximately $156,000. Rampart Investment Management Company LLC boosted its stake in shares of News Corp Class A by 118.9% in the first quarter. Rampart Investment Management Company LLC now owns 11,225 shares of the company’s stock valued at $177,000 after buying an additional 6,097 shares during the period. Finally, TLP Group LLC boosted its stake in shares of News Corp Class A by 21,611.5% in the first quarter. TLP Group LLC now owns 13,244 shares of the company’s stock valued at $209,000 after buying an additional 13,183 shares during the period. Institutional investors own 61.13% of the company’s stock.

News Corp Class A Company Profile

News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates through News and Information Services, Book Publishing, Digital Real Estate Services, and Cable Network Programming segments. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, Dow Jones PEVC, and DJX through various media channels, such as newspapers, newswires, Websites, applications for mobile devices, tablets and e-book readers, newsletters, magazines, proprietary databases, conferences, and videos.

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