Oak Thistle LLC Has $1.17 Million Stock Holdings in News Co. (NASDAQ:NWSA)

Oak Thistle LLC lessened its holdings in shares of News Co. (NASDAQ:NWSA - Free Report) by 48.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,419 shares of the company's stock after selling 40,239 shares during the period. Oak Thistle LLC's holdings in News were worth $1,168,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Acadian Asset Management LLC lifted its holdings in News by 95.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,038 shares of the company's stock worth $28,000 after buying an additional 506 shares during the period. Brooklyn Investment Group bought a new position in shares of News during the third quarter worth about $39,000. ORG Wealth Partners LLC acquired a new position in shares of News in the third quarter worth approximately $79,000. Wilmington Savings Fund Society FSB bought a new stake in News in the third quarter valued at approximately $85,000. Finally, Exchange Traded Concepts LLC increased its position in News by 1,419.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 5,045 shares of the company's stock valued at $134,000 after purchasing an additional 4,713 shares during the period. Institutional investors own 66.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Guggenheim upped their price objective 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. 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 research report on Monday, December 23rd. StockNews.com raised News from a "hold" rating to a "buy" rating in a research report on Thursday, December 26th. Finally, Citigroup began coverage on News in a research note on Friday, January 10th. They issued a "buy" rating and a $36.00 price objective on the stock. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, News presently has a consensus rating of "Buy" and a consensus target price of $38.50.

News Stock Up 1.4 %

NASDAQ:NWSA traded up $0.38 during trading hours on Wednesday, reaching $27.93. The company had a trading volume of 159,552 shares, compared to its average volume of 2,091,173. News Co. has a twelve month low of $22.65 and a twelve month high of $30.03. 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 firm has a market cap of $15.88 billion, a price-to-earnings ratio of 45.05 and a beta of 1.35. The business's 50-day simple moving average is $28.55 and its two-hundred day simple moving average is $27.54.

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.