DRW Securities LLC Sells 7,226 Shares of News Co. (NASDAQ:NWSA)

DRW Securities LLC decreased its holdings in shares of News Co. (NASDAQ:NWSA) by 27.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 19,210 shares of the company’s stock after selling 7,226 shares during the period. DRW Securities LLC’s holdings in News were worth $512,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Seelaus Asset Management LLC increased its stake in News by 3.8% in the third quarter. Seelaus Asset Management LLC now owns 11,399 shares of the company’s stock worth $304,000 after purchasing an additional 417 shares during the period. Fifth Third Bancorp grew its holdings in shares of News by 3.7% in the second quarter. Fifth Third Bancorp now owns 13,802 shares of the company’s stock worth $381,000 after purchasing an additional 496 shares during the last quarter. Acadian Asset Management LLC increased its stake in News by 95.1% in 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. CWM LLC lifted its holdings in 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 buying an additional 532 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in News by 9.0% in the 3rd quarter. GAMMA Investing LLC now owns 6,578 shares of the company’s stock worth $175,000 after acquiring an additional 543 shares in the last quarter. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NWSA shares. JPMorgan Chase & Co. lifted their price target 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. Guggenheim increased their price target on News from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Loop Capital lifted their price objective on News from $38.00 to $39.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, StockNews.com cut shares of News from a “buy” rating to a “hold” rating in a report on Monday, November 11th. 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 has a consensus rating of “Moderate Buy” and a consensus price target of $38.67.

News Trading Down 0.6 %

NWSA opened at $29.28 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. The firm has a market cap of $16.65 billion, a price-to-earnings ratio of 47.23 and a beta of 1.34. News Co. has a 12 month low of $21.52 and a 12 month high of $30.03. The stock has a fifty day moving average price of $27.20 and a 200-day moving average price of $27.16.

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.