Elkfork Partners LLC boosted its stake in shares of News Corp (NASDAQ:NWSA) by 11.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,898 shares of the company’s stock after buying an additional 3,190 shares during the period. Elkfork Partners LLC’s holdings in News Corp were worth $389,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the stock. Mn Services Vermogensbeheer B.V. raised its stake in News Corp by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 9,869 shares of the company’s stock valued at $120,000 after buying an additional 413 shares during the period. Vident Investment Advisory LLC bought a new stake in shares of News Corp during the fourth quarter valued at about $129,000. Virtus Investment Advisers Inc. acquired a new position in News Corp during the third quarter valued at approximately $137,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in News Corp during the fourth quarter valued at approximately $142,000. Finally, Daiwa Securities Group Inc. increased its position in News Corp by 23.0% in the first quarter. Daiwa Securities Group Inc. now owns 11,237 shares of the company’s stock valued at $146,000 after buying an additional 2,100 shares during the period. Hedge funds and other institutional investors own 95.71% of the company’s stock.
News Corp (NWSA) opened at 13.44 on Tuesday. News Corp has a 52-week low of $10.54 and a 52-week high of $14.68. The firm has a 50 day moving average of $12.92 and a 200-day moving average of $12.47. The stock’s market cap is $7.82 billion.
Several research firms recently commented on NWSA. Jefferies Group LLC reaffirmed a “buy” rating and issued a $17.00 price objective (down from $18.00) on shares of News Corp in a report on Thursday, February 16th. Morgan Stanley restated an “equal weight” rating and set a $15.00 price objective on shares of News Corp in a research report on Monday, March 6th. Zacks Investment Research cut shares of News Corp from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. Finally, Guggenheim restated a “neutral” rating and set a $13.00 price objective on shares of News Corp in a research report on Friday, February 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. News Corp currently has a consensus rating of “Hold” and a consensus price target of $14.75. About News Corp