News Co. (NASDAQ:NWSA) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP increased its stake in shares of News Co. (NASDAQ:NWSA) by 894.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 98,401 shares of the company’s stock after purchasing an additional 88,504 shares during the quarter. GSA Capital Partners LLP’s holdings in News were worth $2,620,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Entropy Technologies LP raised its stake in News by 658.4% during the 3rd quarter. Entropy Technologies LP now owns 86,174 shares of the company’s stock worth $2,295,000 after acquiring an additional 74,811 shares in the last quarter. Principal Financial Group Inc. increased its stake in News by 2.9% in the third quarter. Principal Financial Group Inc. now owns 435,388 shares of the company’s stock valued at $11,594,000 after purchasing an additional 12,345 shares during the period. Asset Management One Co. Ltd. increased its stake in News by 1.6% in the third quarter. Asset Management One Co. Ltd. now owns 150,873 shares of the company’s stock valued at $4,018,000 after purchasing an additional 2,441 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in News by 12.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 139,571 shares of the company’s stock valued at $3,717,000 after purchasing an additional 15,856 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in News by 2.0% in the third quarter. Nisa Investment Advisors LLC now owns 231,486 shares of the company’s stock valued at $6,188,000 after purchasing an additional 4,465 shares during the period. 66.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of News from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. StockNews.com lowered shares of News from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Loop Capital lifted their price objective 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. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $38.00.

News Stock Down 1.0 %

Shares of NASDAQ:NWSA opened at $29.23 on Tuesday. The company has a market cap of $16.62 billion, a price-to-earnings ratio of 47.15 and a beta of 1.34. The firm’s 50-day simple moving average is $26.67 and its 200-day simple moving average is $26.82. The company has a quick ratio of 1.33, a current ratio of 1.43 and a debt-to-equity ratio of 0.32. News Co. has a fifty-two week low of $20.35 and a fifty-two week high of $30.03.

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.