News Co. (NASDAQ:NWSA) Shares Purchased by Pathstone Holdings LLC

Pathstone Holdings LLC raised its holdings in News Co. (NASDAQ:NWSA) by 1.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 60,509 shares of the company’s stock after acquiring an additional 730 shares during the period. Pathstone Holdings LLC’s holdings in News were worth $1,612,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in NWSA. LMR Partners LLP lifted its position in shares of News by 16.5% in the third quarter. LMR Partners LLP now owns 10,375 shares of the company’s stock valued at $276,000 after acquiring an additional 1,472 shares in the last quarter. Quest Partners LLC increased its stake in News by 563,282.4% during the 3rd quarter. Quest Partners LLC now owns 95,775 shares of the company’s stock worth $2,550,000 after buying an additional 95,758 shares during the period. Swiss National Bank lifted its holdings in News by 1.0% during the 3rd quarter. Swiss National Bank now owns 1,124,375 shares of the company’s stock worth $29,942,000 after buying an additional 10,900 shares during the last quarter. Natixis Advisors LLC grew its stake in News by 6.4% during the 3rd quarter. Natixis Advisors LLC now owns 32,588 shares of the company’s stock worth $868,000 after buying an additional 1,965 shares during the last quarter. Finally, Seelaus Asset Management LLC raised its holdings in shares of News by 3.8% in the third quarter. Seelaus Asset Management LLC now owns 11,399 shares of the company’s stock valued at $304,000 after buying an additional 417 shares during the last quarter. 66.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

News Trading Down 0.8 %

NASDAQ:NWSA opened at $29.05 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30. The company has a market cap of $16.52 billion, a PE ratio of 46.85 and a beta of 1.34. News Co. has a 52 week low of $21.52 and a 52 week high of $30.03. The business’s 50 day moving average is $27.26 and its two-hundred day moving average is $27.19.

News 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.