HB Wealth Management LLC acquired a new position in News Co. (NASDAQ:NWSA – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 7,577 shares of the company’s stock, valued at approximately $209,000.
Several other institutional investors also recently bought and sold shares of NWSA. Brooklyn Investment Group bought a new position in shares of News during the 3rd quarter worth $39,000. ORG Wealth Partners LLC bought a new stake in shares of News in the third quarter valued at about $79,000. Wilmington Savings Fund Society FSB bought a new position in News during the 3rd quarter worth about $85,000. Exchange Traded Concepts LLC increased its position in News by 1,419.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 5,045 shares of the company’s stock valued at $134,000 after purchasing an additional 4,713 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in shares of News in the 4th quarter valued at about $137,000. 66.97% of the stock is currently owned by hedge funds and other institutional investors.
News Stock Up 0.8 %
News stock opened at $28.08 on Friday. News Co. has a 1-year low of $22.65 and a 1-year high of $30.03. The business has a fifty day moving average price of $28.33 and a 200-day moving average price of $27.55. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26. The stock has a market capitalization of $15.97 billion, a price-to-earnings ratio of 45.29 and a beta of 1.35.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. Citigroup initiated coverage on shares of News in a research note on Friday, January 10th. They set a “buy” rating and a $36.00 price objective on the stock. StockNews.com raised News from a “hold” rating to a “buy” rating in a research report on Saturday. Guggenheim boosted their price target on News from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, 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. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $39.25.
Read Our Latest Stock Report on NWSA
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.
Read More
- Five stocks we like better than News
- How to Start Investing in Real Estate
- Bloom Energy: Powering the Future With Decentralized Energy
- Compound Interest and Why It Matters When Investing
- Dividend Powerhouses: Blue-Chip Stocks Built for the Long Haul
- How to Capture the Benefits of Dividend Increases
- Why Traders Are Buying the Dip on Johnson & Johnson Stock
Want to see what other hedge funds are holding NWSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for News Co. (NASDAQ:NWSA – Free Report).
Receive News & Ratings for News Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for News and related companies with MarketBeat.com's FREE daily email newsletter.