As News Corp New (NWSA) Market Valuation Declined, Altalis Capital Management LLC Increased by $12.57 Million Its Stake

September 17, 2017 - By Adrian Mccoy

Adam Fox increased its stake in News Corp New (NWSA) by 165.86% based on its latest 2016Q4 regulatory filing with the SEC. Altalis Capital Management Llc bought 1.14M shares as the company’s stock declined 1.99% while stock markets rallied. The hedge fund run by Adam Fox held 1.83 million shares of the newspapers and magazines company at the end of 2016Q4, valued at $21.16M, up from 688,905 at the end of the previous reported quarter. Altalis Capital Management Llc who had been investing in News Corp New for a number of months, seems to be bullish on the $7.68 billion market cap company. The stock increased 0.31% or $0.04 on September 15, reaching $13.09. About 2.91M shares traded or 59.02% up from the average. News Corp (NASDAQ:NWSA) has risen 11.28% since September 17, 2016 and is uptrending. It has underperformed by 5.42% the S&P500.

More notable recent News Corp (NASDAQ:NWSA) news were published by: which released: “Australia relaxes media ownership rules; News Corp. pleased” on September 14, 2017, also with their article: “State Street votes against Murdochs for Fox, News Corp. boards” published on September 12, 2017, published: “News Corp channel switch leaves ABC scrambling to get with the program” on August 25, 2017. More interesting news about News Corp (NASDAQ:NWSA) were released by: and their article: “Benjamin Law thanks News Corp’s ‘unholy alliance’ for free publicity” published on September 15, 2017 as well as‘s news article titled: “Race is on to stop News Corp running a sports rights monopoly” with publication date: August 24, 2017.

News Corp (NASDAQ:NWSA) Ratings Coverage

Among 6 analysts covering News Corporation (NASDAQ:NWSA), 4 have Buy rating, 1 Sell and 1 Hold. Therefore 67% are positive. News Corporation has $19 highest and $17.0 lowest target. $17.50’s average target is 33.69% above currents $13.09 stock price. News Corporation had 12 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was downgraded by Wells Fargo to “Market Perform” on Monday, November 9. Macquarie Research upgraded the stock to “Outperform” rating in Monday, July 27 report. The firm earned “Buy” rating on Thursday, July 27 by Jefferies. The firm earned “Underperform” rating on Thursday, October 27 by Bank of America. The company was downgraded on Tuesday, November 8 by CLSA. The stock of News Corp (NASDAQ:NWSA) earned “Buy” rating by Jefferies on Monday, June 26. The firm has “Outperform” rating by CLSA given on Monday, May 9. The rating was maintained by Jefferies with “Buy” on Monday, September 11.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.