Fmr LLC Raises Stock Position in News Co. (NASDAQ:NWSA)

Fmr LLC grew its holdings in News Co. (NASDAQ:NWSA) by 381.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 192,936 shares of the company’s stock after purchasing an additional 152,864 shares during the quarter. Fmr LLC’s holdings in News were worth $5,138,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NWSA. Seelaus Asset Management LLC increased its position in shares of News by 3.8% during the third quarter. Seelaus Asset Management LLC now owns 11,399 shares of the company’s stock worth $304,000 after acquiring an additional 417 shares during the period. Fifth Third Bancorp increased its holdings in News by 3.7% during the 2nd quarter. Fifth Third Bancorp now owns 13,802 shares of the company’s stock worth $381,000 after purchasing an additional 496 shares during the period. Acadian Asset Management LLC raised its position in News by 95.1% in the 2nd quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock valued at $28,000 after purchasing an additional 506 shares in the last quarter. CWM LLC boosted its stake in shares of News by 7.8% in the 2nd quarter. CWM LLC now owns 7,339 shares of the company’s stock valued at $202,000 after buying an additional 532 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of News by 9.0% during the third quarter. GAMMA Investing LLC now owns 6,578 shares of the company’s stock worth $175,000 after buying an additional 543 shares in the last quarter. 66.97% of the stock is owned by hedge funds and other institutional investors.

News Trading Down 0.3 %

Shares of News stock opened at $28.98 on Friday. The stock has a market cap of $16.48 billion, a price-to-earnings ratio of 46.74 and a beta of 1.35. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. News Co. has a 12-month low of $21.88 and a 12-month high of $30.03. The company has a fifty day simple moving average of $27.95 and a 200-day simple moving average of $27.45.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of News from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Guggenheim lifted their price objective 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. StockNews.com raised News from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Loop Capital lifted their price target on News from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Monday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $40.33.

About News

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.