Qsemble Capital Management LP Acquires Shares of 37,181 News Co. (NASDAQ:NWSA)

Qsemble Capital Management LP bought a new stake in shares of News Co. (NASDAQ:NWSA - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 37,181 shares of the company's stock, valued at approximately $990,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NWSA. International Assets Investment Management LLC bought a new stake in shares of News in the 2nd quarter worth about $26,000. Acadian Asset Management LLC grew 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 buying an additional 506 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of News in the second quarter worth approximately $46,000. Family Firm Inc. purchased a new position in News during the 2nd quarter valued at $73,000. Finally, ORG Partners LLC bought a new position in News in the 2nd quarter valued at $81,000. Hedge funds and other institutional investors own 66.97% of the company's stock.

News Trading Down 0.6 %

NASDAQ:NWSA opened at $29.28 on Wednesday. The firm has a 50-day simple moving average of $27.20 and a 200-day simple moving average of $27.16. News Co. has a one year low of $21.52 and a one year high of $30.03. The firm has a market cap of $16.65 billion, a P/E ratio of 47.23 and a beta of 1.34. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Loop Capital lifted their target price on News from $38.00 to $39.00 and gave the stock a "buy" rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. boosted their price objective on shares of News from $34.00 to $37.00 and gave the company an "overweight" rating in a research report on Thursday, August 15th. Guggenheim lifted 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. Finally, StockNews.com cut News from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.

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