News Co. (NASDAQ:NWSA) Position Boosted by HBK Investments L P

HBK Investments L P boosted its holdings in shares of News Co. (NASDAQ:NWSA) by 34.3% in the 3rd quarter, Holdings Channel reports. The firm owned 1,110,000 shares of the company’s stock after buying an additional 283,500 shares during the period. News makes up approximately 0.5% of HBK Investments L P’s portfolio, making the stock its 19th largest holding. HBK Investments L P’s holdings in News were worth $29,559,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Public Sector Pension Investment Board increased its stake in News by 9.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 16,371 shares of the company’s stock worth $436,000 after purchasing an additional 1,400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of News by 26.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 180,283 shares of the company’s stock worth $4,801,000 after acquiring an additional 37,702 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of News during the third quarter valued at approximately $1,551,000. Blueshift Asset Management LLC purchased a new stake in shares of News in the 3rd quarter valued at approximately $1,275,000. Finally, BNP Paribas Financial Markets boosted its stake in News by 26.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,109,848 shares of the company’s stock worth $29,555,000 after purchasing an additional 229,807 shares during the period. 66.97% of the stock is currently owned by institutional investors.

News Stock Down 0.8 %

NWSA opened at $29.05 on Friday. The company has a market capitalization of $16.52 billion, a PE ratio of 46.85 and a beta of 1.34. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26. News Co. has a fifty-two week low of $21.52 and a fifty-two week high of $30.03. The business has a 50-day moving average of $27.36 and a 200-day moving average of $27.22.

Analyst Upgrades and Downgrades

NWSA has been the subject of a number of research analyst reports. StockNews.com lowered News from a “buy” rating to a “hold” rating in a report on Monday, November 11th. JPMorgan Chase & Co. raised their price objective on News from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Loop Capital upped their target price on News from $38.00 to $39.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, Guggenheim raised their price target on shares of News from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.67.

About News

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.