Centiva Capital LP Makes New $225,000 Investment in News Co. (NASDAQ:NWSA)

Centiva Capital LP acquired a new stake in shares of News Co. (NASDAQ:NWSA) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,457 shares of the company’s stock, valued at approximately $225,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of NWSA. Metropolis Capital Ltd grew its holdings in News by 8.9% in the third quarter. Metropolis Capital Ltd now owns 6,779,137 shares of the company’s stock worth $180,528,000 after purchasing an additional 555,789 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in News by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,337,650 shares of the company’s stock worth $115,512,000 after buying an additional 53,550 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of News by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 2,855,605 shares of the company’s stock valued at $78,729,000 after buying an additional 61,417 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its position in shares of News by 2.9% during the third quarter. Thompson Siegel & Walmsley LLC now owns 2,120,708 shares of the company’s stock valued at $56,474,000 after acquiring an additional 58,805 shares in the last quarter. Finally, Mirabella Financial Services LLP raised its holdings in News by 22.1% in the 3rd quarter. Mirabella Financial Services LLP now owns 1,745,661 shares of the company’s stock worth $46,487,000 after acquiring an additional 316,076 shares during the last quarter. Institutional investors own 66.97% of the company’s stock.

News Price Performance

Shares of NASDAQ:NWSA opened at $28.98 on Friday. The company has a market capitalization of $16.48 billion, a P/E ratio of 46.74 and a beta of 1.35. News Co. has a 1-year low of $21.88 and a 1-year high of $30.03. The firm’s 50 day simple moving average is $27.95 and its two-hundred day simple moving average is $27.45. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NWSA shares. StockNews.com raised News from a “hold” rating to a “buy” rating in a report on Tuesday. Loop Capital boosted their price objective on shares of News from $41.00 to $44.00 and gave the company a “buy” rating in a report on Monday. JPMorgan Chase & Co. boosted their target price 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. Finally, Guggenheim lifted their price objective on News from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $40.33.

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.