Mutual of America Capital Management LLC Cuts Holdings in News Co. (NASDAQ:NWSA)

Mutual of America Capital Management LLC lowered its stake in shares of News Co. (NASDAQ:NWSA) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,581 shares of the company’s stock after selling 1,240 shares during the quarter. Mutual of America Capital Management LLC’s holdings in News were worth $1,240,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NWSA. O Shaughnessy Asset Management LLC boosted its stake in News by 32.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 13,765 shares of the company’s stock worth $360,000 after buying an additional 3,382 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of News in the 1st quarter valued at $575,000. Bayesian Capital Management LP bought a new position in shares of News during the 1st quarter valued at $1,279,000. Jane Street Group LLC lifted its stake in News by 812.6% in the first quarter. Jane Street Group LLC now owns 229,262 shares of the company’s stock worth $6,002,000 after purchasing an additional 204,141 shares during the last quarter. Finally, Tidal Investments LLC boosted its position in News by 26.6% during the first quarter. Tidal Investments LLC now owns 21,378 shares of the company’s stock valued at $560,000 after buying an additional 4,496 shares during the period. 66.97% of the stock is owned by institutional investors.

News Price Performance

Shares of NWSA stock opened at $29.46 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38. News Co. has a fifty-two week low of $21.52 and a fifty-two week high of $30.03. The firm has a market cap of $16.75 billion, a P/E ratio of 47.52 and a beta of 1.34. The business’s 50 day moving average price is $27.13 and its 200-day moving average price is $27.13.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NWSA shares. Guggenheim lifted their price objective on News from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Loop Capital boosted their price objective on News from $38.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. raised their target price on shares of News from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Finally, StockNews.com lowered shares of News from a “buy” rating to a “hold” rating in a report on Monday, November 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.67.

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.