Public Employees Retirement System of OH held its stake in shares of News Corporation (NASDAQ:NWSA) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Capstone Asset Management Co. now owns 84,839 shares of the company's stock valued at $1,103,000 after buying an additional 8,590 shares during the last quarter.
A number of other institutional investors have also bought and sold shares of the stock. Ameritas Investment Partners Inc. purchased a new stake in shares of News Corporation during the first quarter worth about $118,000. Mn Services Vermogensbeheer B.V. raised its position in shares of News Corporation by 4.4% in the first quarter. Wealth Enhancement Advisory Services LLC increased its stake in News Corporation by 40.6% in the first quarter. Pacer Advisors Inc. now owns 10,662 shares of the company's stock valued at $139,000 after buying an additional 3,853 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd purchased a new position in shares of News Corporation during the first quarter valued at about $143,000. Finally, Daiwa Securities Group Inc. boosted its stake in shares of News Corporation by 23.0% in the first quarter. The institutional investor owned 75,744 shares of the company's stock after selling 9,582 shares during the period.
News Corporation (NWSA) opened at 13.93 on Friday. News Corporation has a 12 month low of $10.54 and a 12 month high of $14.68. The firm's market cap is $8.10 billion. The company has a 50 day moving average price of $13.59 and a 200-day moving average price of $12.91.
News Corporation (NASDAQ:NWSA) last announced its quarterly earnings data on Tuesday, May 9th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. The firm had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.85 billion. During the same quarter in the previous year, the company earned $0.04 earnings per share. News Corporation's revenue was up 4.6% on a year-over-year basis. Analysts anticipate that News Corporation will post $0.37 earnings per share for the current year.
Facebook, Inc. (FB) Position Held by Blue Granite Capital LLC
Finally, BidaskClub upgraded Facebook from a "buy" rating to a "strong-buy" rating in a research report on Thursday, July 13th. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
TRADEMARK VIOLATION WARNING: "News Corporation (NASDAQ:NWSA) Getting Somewhat Positive News Coverage, Accern Reports" was originally published by Week Herald and is the property of of Week Herald. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and worldwide trademark & copyright legislation. News Corporation posted sales of $2.23 billion during the same quarter last year, which would indicate a negative year over year growth rate of 5.4%. Rosenblatt Securities assumed coverage on shares of News Corporation in a research report on Friday, July 14th. They set a "buy" rating and a $17.00 price target on the stock. Jefferies Group LLC restated a "buy" rating and issued a $17.00 target price on shares of News Corporation in a research report on Monday, May 22nd. Finally, Zacks Investment Research cut News Corporation from a "hold" rating to a "sell" rating in a research report on Tuesday, April 11th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. The stock has a consensus rating of "Hold" and an average price target of $14.75.
About News Corporation News Corporation is a diversified media and information services company. The Company's News and Information Services segment consists primarily of Dow Jones, News Corp Australia (which includes News Limited and its subsidiaries), News UK, the New York Post and News America Marketing.
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