Blueshift Asset Management LLC Makes New $1.28 Million Investment in News Co. (NASDAQ:NWSA)

Blueshift Asset Management LLC purchased a new stake in News Co. (NASDAQ:NWSA) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 47,895 shares of the company’s stock, valued at approximately $1,275,000.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in shares of News during the second quarter worth $26,000. Acadian Asset Management LLC boosted its stake in shares of News by 95.1% in the 2nd quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock valued at $28,000 after purchasing an additional 506 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of News during the 3rd quarter worth approximately $39,000. Innealta Capital LLC acquired a new position in News in the second quarter valued at approximately $46,000. Finally, Family Firm Inc. bought a new position in News in the second quarter valued at approximately $73,000. Institutional investors own 66.97% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on NWSA. JPMorgan Chase & Co. upped their target price 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. StockNews.com cut shares of News from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Guggenheim increased their target price on shares of News from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Loop Capital boosted their price target on shares of News from $38.00 to $39.00 and gave the company 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.67.

News Stock Performance

NWSA opened at $29.28 on Wednesday. The firm has a market capitalization of $16.65 billion, a PE 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. News Co. has a 52-week low of $21.52 and a 52-week high of $30.03. The business’s 50-day simple moving average is $27.20 and its 200 day simple moving average is $27.16.

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.