Mirabella Financial Services LLP Has $46.49 Million Stock Position in News Co. (NASDAQ:NWSA)

Mirabella Financial Services LLP boosted its holdings in shares of News Co. (NASDAQ:NWSA) by 22.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,745,661 shares of the company’s stock after buying an additional 316,076 shares during the quarter. News makes up approximately 3.0% of Mirabella Financial Services LLP’s investment portfolio, making the stock its 7th largest position. Mirabella Financial Services LLP owned approximately 0.31% of News worth $46,487,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Seelaus Asset Management LLC grew its holdings in News by 3.8% in the 3rd quarter. Seelaus Asset Management LLC now owns 11,399 shares of the company’s stock valued at $304,000 after buying an additional 417 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 worth $381,000 after acquiring an additional 496 shares during the period. Acadian Asset Management LLC increased its stake in News by 95.1% in the second 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 during the last quarter. CWM LLC lifted its stake in News by 7.8% during the second quarter. CWM LLC now owns 7,339 shares of the company’s stock worth $202,000 after purchasing an additional 532 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of News by 9.0% in the 3rd quarter. GAMMA Investing LLC now owns 6,578 shares of the company’s stock valued at $175,000 after purchasing an additional 543 shares during the last quarter. 66.97% of the stock is owned by institutional investors and hedge funds.

News Price Performance

NWSA opened at $29.49 on Monday. The firm has a market cap of $16.77 billion, a P/E ratio of 47.56 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. News Co. has a fifty-two week low of $21.52 and a fifty-two week high of $30.03. The firm has a 50-day moving average of $27.13 and a 200 day moving average of $27.13.

Wall Street Analyst Weigh In

NWSA has been the topic of a number of recent research reports. Guggenheim lifted their price target on News from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. StockNews.com cut News from a “buy” rating to a “hold” rating in a report on Monday, November 11th. JPMorgan Chase & Co. lifted their target price on shares of News from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Finally, Loop Capital increased their price target on News from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.67.

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.