First Hawaiian Bank Acquires 900 Shares of News Co. (NASDAQ:NWSA)

First Hawaiian Bank boosted its holdings in News Co. (NASDAQ:NWSA) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,423 shares of the company’s stock after buying an additional 900 shares during the quarter. First Hawaiian Bank’s holdings in News were worth $342,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Seelaus Asset Management LLC boosted its holdings in News by 3.8% in the third quarter. Seelaus Asset Management LLC now owns 11,399 shares of the company’s stock worth $304,000 after purchasing an additional 417 shares during the last quarter. Acadian Asset Management LLC boosted its stake 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 buying an additional 506 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of News by 9.0% in the third quarter. GAMMA Investing LLC now owns 6,578 shares of the company’s stock worth $175,000 after acquiring an additional 543 shares during the period. Pathstone Holdings LLC increased its position in News by 1.2% during the third quarter. Pathstone Holdings LLC now owns 60,509 shares of the company’s stock valued at $1,612,000 after acquiring an additional 730 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in News by 1.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 41,955 shares of the company’s stock valued at $1,117,000 after acquiring an additional 774 shares during the period. Hedge funds and other institutional investors own 66.97% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on NWSA. Guggenheim upped their price target on shares of News from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. StockNews.com upgraded shares of News from a “hold” rating to a “buy” rating in a research note on Thursday, December 26th. Citigroup began coverage on News in a research note on Friday. They issued a “buy” rating and a $36.00 price objective for the company. Finally, Loop Capital cut their price target on News from $44.00 to $41.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $38.50.

News Stock Down 1.8 %

NWSA opened at $26.98 on Friday. The stock has a market cap of $15.34 billion, a price-to-earnings ratio of 43.52 and a beta of 1.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38. The firm’s fifty day moving average is $28.56 and its 200 day moving average is $27.54. News Co. has a fifty-two week low of $22.65 and a fifty-two week high of $30.03.

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.