Texas Permanent School Fund boosted its position in News Co. (NASDAQ:NWSA – Get Rating) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,310 shares of the company’s stock after buying an additional 610 shares during the period. Texas Permanent School Fund’s holdings in News were worth $799,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of NWSA. Community Bank N.A. purchased a new stake in News in the second quarter valued at approximately $42,000. Rosenberg Matthew Hamilton purchased a new stake in News in the second quarter valued at approximately $54,000. Dupont Capital Management Corp boosted its position in News by 43.7% in the second quarter. Dupont Capital Management Corp now owns 4,844 shares of the company’s stock valued at $75,000 after buying an additional 1,472 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in News in the first quarter valued at approximately $98,000. Finally, AIA Group Ltd boosted its position in News by 57.4% in the first quarter. AIA Group Ltd now owns 5,006 shares of the company’s stock valued at $111,000 after buying an additional 1,826 shares during the last quarter. Hedge funds and other institutional investors own 64.40% of the company’s stock.
News Trading Down 0.6 %
Shares of NWSA stock opened at $17.83 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.25 and a quick ratio of 1.12. The company has a market cap of $10.26 billion, a price-to-earnings ratio of 22.29 and a beta of 1.28. The stock has a 50 day simple moving average of $16.49 and a 200-day simple moving average of $16.74. News Co. has a 1-year low of $14.87 and a 1-year high of $23.73.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the company. StockNews.com downgraded News from a “buy” rating to a “hold” rating in a report on Thursday, November 10th. Macquarie downgraded News from an “outperform” rating to a “neutral” rating and set a $21.10 price target for the company. in a report on Thursday, July 28th. Guggenheim decreased their price target on News to $32.00 in a report on Thursday, October 20th. Finally, Loop Capital downgraded News from a “buy” rating to a “hold” rating and decreased their price target for the company from $30.00 to $17.00 in a report on Monday, October 17th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, News has an average rating of “Hold” and a consensus target price of $23.37.
News Company Profile
News Corp. is a media and information services company, which engages in the creation and distribution of content and other services. It operates through the following segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other. The Digital Real Estate Services segment refers to the firm’s interest in the REA Group, a company with operations focused on property and property-related advertising and services, as well as financial services.
- Get a free copy of the StockNews.com research report on News (NWSA)
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