Parametrica Management Ltd Invests $389,000 in News Co. (NASDAQ:NWSA)

Parametrica Management Ltd acquired a new position in shares of News Co. (NASDAQ:NWSA) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,617 shares of the company’s stock, valued at approximately $389,000.

A number of other hedge funds have also modified their holdings of NWSA. US Bancorp DE lifted its holdings in shares of News by 2.4% during the 1st quarter. US Bancorp DE now owns 18,406 shares of the company’s stock valued at $482,000 after acquiring an additional 424 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of News by 3.7% during the 2nd quarter. Fifth Third Bancorp now owns 13,802 shares of the company’s stock valued at $381,000 after acquiring an additional 496 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of News by 95.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock valued at $28,000 after acquiring an additional 506 shares in the last quarter. CWM LLC lifted its holdings in shares of News by 7.8% during the 2nd quarter. CWM LLC now owns 7,339 shares of the company’s stock valued at $202,000 after acquiring an additional 532 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of News by 9.0% during the 3rd quarter. GAMMA Investing LLC now owns 6,578 shares of the company’s stock valued at $175,000 after acquiring an additional 543 shares in the last quarter. 66.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NWSA shares. Loop Capital lifted their target price on shares of News from $38.00 to $39.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. StockNews.com lowered shares of News from a “buy” rating to a “hold” rating in a report on Monday. Guggenheim boosted their price objective on shares of News from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of News from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, News presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.67.

News Stock Down 0.1 %

Shares of NWSA traded down $0.04 during midday trading on Wednesday, hitting $29.29. The company had a trading volume of 218,543 shares, compared to its average volume of 2,635,771. The company’s 50 day moving average price is $26.72 and its 200 day moving average price is $26.86. The stock has a market cap of $16.65 billion, a price-to-earnings ratio of 47.31 and a beta of 1.34. News Co. has a 52 week low of $20.81 and a 52 week 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.

News 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.