8,075 Shares in News Co. (NASDAQ:NWSA) Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new stake in News Co. (NASDAQ:NWSA) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,075 shares of the company’s stock, valued at approximately $238,000.

Several other hedge funds also recently modified their holdings of the company. Barclays PLC lifted its holdings in shares of News by 124.0% in the third quarter. Barclays PLC now owns 14,713,823 shares of the company’s stock valued at $391,832,000 after purchasing an additional 8,144,856 shares in the last quarter. Whale Rock Capital Management LLC bought a new position in News during the third quarter valued at about $44,585,000. State Street Corp grew its holdings in News by 6.1% during the third quarter. State Street Corp now owns 25,799,596 shares of the company’s stock valued at $689,397,000 after purchasing an additional 1,476,224 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in News by 1,815.4% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,413,158 shares of the company’s stock worth $37,632,000 after acquiring an additional 1,339,379 shares during the last quarter. Finally, Bank of Montreal Can increased its position in News by 230.1% in the 3rd quarter. Bank of Montreal Can now owns 1,092,506 shares of the company’s stock worth $28,951,000 after buying an additional 761,524 shares during the period. 66.97% of the stock is currently owned by institutional investors and hedge funds.

News Stock Down 1.3 %

News stock opened at $27.79 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average price is $28.38 and its two-hundred day moving average price is $27.52. News Co. has a twelve month low of $22.65 and a twelve month high of $30.03. The stock has a market cap of $15.80 billion, a P/E ratio of 44.82 and a beta of 1.35.

Analysts Set New Price Targets

NWSA has been the subject of a number of recent research reports. Guggenheim upped their target price on News from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. StockNews.com upgraded shares of News from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Loop Capital dropped their price objective on News from $44.00 to $41.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $39.33.

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.