Taube Hodson Stonex Partners Llp Increased News Corp New (NASDAQ:NWSA) by $4.17 Million as Shares Declined


Taube Hodson Stonex Partners Llp increased its stake in News Corp New (NASDAQ:NWSA) by 12.31% based on its latest 2016Q2 regulatory filing with the SEC. Taube Hodson Stonex Partners Llp bought 347,090 shares as the company’s stock declined 3.33% while stock markets rallied. The hedge fund held 3.17M shares of the newspapers and magazines company at the end of 2016Q2, valued at $40.76 million, up from 2.82M at the end of the previous reported quarter. Taube Hodson Stonex Partners Llp who had been investing in News Corp New for a number of months, seems to be bullish on the $8.38 billion market cap company. The stock is down 1.55% or $0.21 hitting $13.69, despite the positive news. About 2.62M shares traded hands. News Corp (NASDAQ:NWSA) has risen 31.63% since February 8, 2016 and is uptrending. It has outperformed by 15.14% the S&P500.

Taube Hodson Stonex Partners Llp, which manages about $1.20B and $517.11 million US Long portfolio, decreased its stake in Netsuite Inc (NYSE:N) by 78,950 shares to 372,218 shares, valued at $25.49M in 2016Q2, according to the filing. It also reduced its holding in Intuit (NASDAQ:INTU) by 103,960 shares in the quarter, leaving it with 518,988 shares, and cut its stake in St Joe Co (NYSE:JOE).

Taube Hodson Stonex Partners Llp is a United Kingdom-based hedge fund with more than $1.20 billion AUM in September, 2014. Taken from Taube Hodson Stonex Partners latest Adv, the fund reported to have 35 full and part-time employees. Among which 11 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

Out of 3 analysts covering News Corporation (NASDAQ:NWSA), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. News Corporation has been the topic of 5 analyst reports since November 9, 2015 according to StockzIntelligence Inc. CLSA downgraded the stock on May 9 to “Outperform” rating.

News Corporation is a global diversified media and information services firm focused on creating and distributing content to clients and businesses throughout the world. The company has a market cap of $8.38 billion. The Company’s activities are organized into five divisions: News and Information Services; Book Publishing; Digital Real Estate Services; Cable Network Programming, and Other. It has a 49.41 P/E ratio. The Company’s News and Information Services segment consists primarily of Dow Jones, News Corp Australia , News UK, the New York Post and News America Marketing.

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