Stifel Financial Corp Lowers Stake in News Co. (NASDAQ:NWSA)

Stifel Financial Corp decreased its holdings in shares of News Co. (NASDAQ:NWSA) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,101 shares of the company’s stock after selling 912 shares during the period. Stifel Financial Corp’s holdings in News were worth $562,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NWSA. International Assets Investment Management LLC acquired a new stake in News during the 2nd quarter worth approximately $26,000. Acadian Asset Management LLC lifted its holdings in shares of News by 95.1% during the second 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 period. Brooklyn Investment Group purchased a new position in News in the 3rd quarter valued at $39,000. Innealta Capital LLC acquired a new position in News in the 2nd quarter valued at $46,000. Finally, ORG Wealth Partners LLC purchased a new position in News during the 3rd quarter worth $79,000. Hedge funds and other institutional investors own 66.97% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NWSA. Loop Capital dropped their price target on shares of News from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday. StockNews.com upgraded News from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Guggenheim raised their price target on News from $36.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $39.33.

News Stock Down 0.4 %

NWSA stock opened at $28.15 on Friday. News Co. has a 52 week low of $22.65 and a 52 week high of $30.03. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. The company has a market cap of $16.01 billion, a P/E ratio of 45.40 and a beta of 1.35. The company’s 50-day moving average price is $28.32 and its 200 day moving average price is $27.51.

News Company 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.