Blueshift Asset Management LLC Invests $1.28 Million in News Co. (NASDAQ:NWSA)

Blueshift Asset Management LLC bought a new stake in News Co. (NASDAQ:NWSA - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 47,895 shares of the company's stock, valued at approximately $1,275,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NWSA. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in News by 1,815.4% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,413,158 shares of the company's stock valued at $37,632,000 after acquiring an additional 1,339,379 shares during the last quarter. Bank of Montreal Can increased its position in News by 230.1% during the third quarter. Bank of Montreal Can now owns 1,092,506 shares of the company's stock worth $28,951,000 after acquiring an additional 761,524 shares during the period. Metropolis Capital Ltd increased its holdings in News by 8.9% in the 3rd quarter. Metropolis Capital Ltd now owns 6,779,137 shares of the company's stock valued at $180,528,000 after buying an additional 555,789 shares during the period. ING Groep NV increased its holdings in News by 815.5% in the 3rd quarter. ING Groep NV now owns 429,598 shares of the company's stock valued at $11,440,000 after buying an additional 382,671 shares during the period. Finally, AQR Capital Management LLC increased its holdings in News by 188.3% in the 2nd quarter. AQR Capital Management LLC now owns 491,123 shares of the company's stock valued at $13,540,000 after buying an additional 320,785 shares during the period. Institutional investors and hedge funds own 66.97% of the company's stock.

Wall Street Analysts Forecast Growth

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

News Price Performance

Shares of NWSA stock traded down $0.23 during trading hours on Wednesday, hitting $29.05. 1,808,555 shares of the company's stock were exchanged, compared to its average volume of 2,667,255. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. News Co. has a 12-month low of $21.52 and a 12-month high of $30.03. The company has a market capitalization of $16.52 billion, a PE ratio of 47.23 and a beta of 1.34. The business's 50 day simple moving average is $27.26 and its 200-day simple moving average is $27.19.

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.