GAMMA Investing LLC Acquires 1,633 Shares of News Co. (NASDAQ:NWSA)

GAMMA Investing LLC raised its holdings in shares of News Co. (NASDAQ:NWSA) by 24.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,211 shares of the company’s stock after purchasing an additional 1,633 shares during the period. GAMMA Investing LLC’s holdings in News were worth $226,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in NWSA. Seelaus Asset Management LLC raised its stake in News by 3.8% during 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. Acadian Asset Management LLC raised its position in shares of News by 95.1% in the 2nd quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock worth $28,000 after purchasing an additional 506 shares during the last quarter. Pathstone Holdings LLC boosted its stake in News by 1.2% in the 3rd quarter. Pathstone Holdings LLC now owns 60,509 shares of the company’s stock worth $1,612,000 after purchasing an additional 730 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in News by 1.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 41,955 shares of the company’s stock valued at $1,117,000 after purchasing an additional 774 shares during the last quarter. Finally, Wahed Invest LLC increased its stake in News by 10.3% during the 3rd quarter. Wahed Invest LLC now owns 9,238 shares of the company’s stock valued at $246,000 after purchasing an additional 860 shares in the last quarter. 66.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. StockNews.com upgraded shares of News from a “hold” rating to a “buy” rating in a report on Thursday, December 26th. Loop Capital cut their target price on News from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Finally, Guggenheim boosted their price target on News from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $39.33.

News Stock Up 0.6 %

Shares of News stock opened at $27.60 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30. News Co. has a twelve month low of $22.65 and a twelve month high of $30.03. The company has a market cap of $15.70 billion, a price-to-earnings ratio of 44.52 and a beta of 1.35. The company’s 50 day moving average is $28.56 and its 200 day moving average is $27.55.

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.