Entropy Technologies LP Has $1.37 Million Stake in News Co. (NASDAQ:NWSA)

Entropy Technologies LP reduced its position in shares of News Co. (NASDAQ:NWSA) by 42.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,691 shares of the company’s stock after selling 36,483 shares during the period. Entropy Technologies LP’s holdings in News were worth $1,368,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NWSA. Brooklyn Investment Group acquired a new position in News during the third quarter valued at approximately $39,000. R Squared Ltd acquired a new stake in shares of News in the 4th quarter valued at approximately $49,000. ORG Wealth Partners LLC bought a new position in shares of News in the third quarter valued at $79,000. Wilmington Savings Fund Society FSB bought a new stake in News during the third quarter worth $85,000. Finally, Exchange Traded Concepts LLC lifted its stake in News by 1,419.6% in the third quarter. Exchange Traded Concepts LLC now owns 5,045 shares of the company’s stock valued at $134,000 after acquiring an additional 4,713 shares during the last quarter. 66.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on NWSA. UBS Group upgraded shares of News from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 4th. Citigroup started coverage on News in a research report on Friday, January 10th. They issued a “buy” rating and a $36.00 price objective for the company. Seaport Res Ptn raised News to a “strong-buy” rating in a report on Friday, January 31st. Loop Capital reduced their price objective on shares of News from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. Finally, StockNews.com raised shares of News from a “hold” rating to a “buy” rating in a research report on Monday. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, News has an average rating of “Buy” and an average price target of $39.25.

News Stock Performance

Shares of NASDAQ NWSA opened at $29.18 on Tuesday. News Co. has a one year low of $22.65 and a one year high of $30.03. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.26. The firm has a market cap of $16.59 billion, a price-to-earnings ratio of 39.97 and a beta of 1.35. The stock’s fifty day moving average price is $28.16 and its two-hundred day moving average price is $27.60.

News (NASDAQ:NWSA) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. News had a net margin of 4.22% and a return on equity of 5.31%. On average, equities analysts forecast that News Co. will post 0.94 EPS for the current year.

News Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 12th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Wednesday, March 12th. News’s dividend payout ratio is currently 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.