Allspring Global Investments Holdings LLC Acquires Shares in News Co. (NASDAQ: NWSA)

2 min read | February 19, 2025 03:04 AM PST | By Team Kalkine Media

Allspring Global Investments Holdings LLC Acquires Shares in News Co. (NASDAQ: NWSA) — Image source: Shutterstock

Investment Surge in News Co.

Allspring Global Investments Holdings LLC has significantly increased its stake in News Co. (NASDAQ:NWSA), boosting its position by 204.5% in the fourth quarter, according to the latest SEC filing. The firm added 231,056 shares, bringing its total holdings to 344,043 shares, valued at approximately $9.45 million. This positions Allspring Global among prominent stakeholders owning a slice of the company.

Widespread Institutional Interest

Other hedge funds have also been active, with new positions acquired by Brooklyn Investment Group, R Squared Ltd, and Wilmington Savings Fund Society FSB, among others. The Exchange Traded Concepts LLC notably increased its holdings by over 1,400% in the third quarter, showcasing broad institutional interest in the company. Currently, 66.97% of News Co.’s stock is held by institutional investors and hedge funds, highlighting strong confidence in its market position.

Stock Performance and Financial Metrics

News Co. opened at $30.21 recently, with a market cap of $17.18 billion. It boasts a PE ratio of 41.38 and a beta of 1.35, illustrating a robust financial profile. The stock has seen a 12-month low of $22.65 and a high of $30.31, with moving averages showing an upward trend. The company maintains manageable debt levels with a debt-to-equity ratio of 0.22 and strong liquidity positions.

Earnings and Dividends

The latest earnings report revealed a quarterly EPS of $0.33, surpassing analyst expectations. The company’s net margin stands at 4.22%, and return on equity is at 5.31%. A dividend declaration added to shareholder value, offering an annualized dividend of $0.40, representing a yield of 1.32% and a payout ratio of 27.40%.

Analysts’ Outlook

Several analysts have issued favorable outlooks for News Co.'s stock. Ratings from institutions such as Loop Capital and UBS Group reflect an upward revision in price objectives, underscoring confidence. Market consensus, as per MarketBeat.com, aligns on a 'Buy' rating, with an average price target of $39.25 indicating potential growth.

Company Overview

News Corporation is a global media and information services company with robust content creation and distribution capabilities. It operates across diverse segments, including Digital Real Estate, Subscription Video, Dow Jones, and Book Publishing.

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