B. Metzler seel. Sohn & Co. Holding AG Invests $562,000 in News Co. (NASDAQ:NWSA)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of News Co. (NASDAQ:NWSA) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,116 shares of the company’s stock, valued at approximately $562,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Pathstone Holdings LLC grew its holdings in shares of News by 1.2% in the third quarter. Pathstone Holdings LLC now owns 60,509 shares of the company’s stock worth $1,612,000 after purchasing an additional 730 shares during the last quarter. LMR Partners LLP grew its holdings in News by 16.5% in the 3rd quarter. LMR Partners LLP now owns 10,375 shares of the company’s stock worth $276,000 after acquiring an additional 1,472 shares during the last quarter. Quest Partners LLC grew its holdings in News by 563,282.4% in the 3rd quarter. Quest Partners LLC now owns 95,775 shares of the company’s stock worth $2,550,000 after acquiring an additional 95,758 shares during the last quarter. Swiss National Bank increased its position in shares of News by 1.0% in the third quarter. Swiss National Bank now owns 1,124,375 shares of the company’s stock valued at $29,942,000 after acquiring an additional 10,900 shares during the period. Finally, Natixis Advisors LLC boosted its holdings in shares of News by 6.4% during the third quarter. Natixis Advisors LLC now owns 32,588 shares of the company’s stock worth $868,000 after purchasing an additional 1,965 shares during the period. 66.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on NWSA shares. Guggenheim boosted their price target on News from $36.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. raised their price target on News from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Loop Capital boosted their price objective on shares of News from $38.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Finally, StockNews.com cut shares of News from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $38.67.

News Price Performance

NWSA opened at $29.49 on Monday. News Co. has a 12-month low of $21.52 and a 12-month high of $30.03. The company has a market cap of $16.77 billion, a price-to-earnings ratio of 47.56 and a beta of 1.34. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $27.13 and a two-hundred day simple moving average of $27.13.

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.