GAMMA Investing LLC Buys 1,633 Shares of News Co. (NASDAQ:NWSA)

GAMMA Investing LLC increased its stake in News Co. (NASDAQ:NWSA) by 24.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,211 shares of the company’s stock after acquiring an additional 1,633 shares during the period. GAMMA Investing LLC’s holdings in News were worth $226,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC boosted its stake 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 valued at $28,000 after purchasing an additional 506 shares during the period. Brooklyn Investment Group purchased a new stake in News during the 3rd quarter valued at $39,000. ORG Wealth Partners LLC bought a new stake in News in the 3rd quarter worth $79,000. Wilmington Savings Fund Society FSB purchased a new position in shares of News in the third quarter valued at about $85,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of News by 1,419.6% during the third quarter. Exchange Traded Concepts LLC now owns 5,045 shares of the company’s stock valued at $134,000 after acquiring an additional 4,713 shares during the last quarter. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

News Trading Up 0.6 %

NWSA opened at $27.60 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30. News Co. has a 52 week low of $22.65 and a 52 week high of $30.03. The stock has a market cap of $15.70 billion, a PE ratio of 44.52 and a beta of 1.35. The business has a 50 day moving average of $28.56 and a 200-day moving average of $27.55.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NWSA shares. Guggenheim boosted 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. StockNews.com upgraded News from a “hold” rating to a “buy” rating in a report on Thursday, December 26th. Finally, Loop Capital cut their price target on shares of News from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently 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.