Quest Partners LLC Acquires 95,758 Shares of News Co. (NASDAQ:NWSA)

Quest Partners LLC lifted its holdings in shares of News Co. (NASDAQ:NWSA) by 563,282.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 95,775 shares of the company’s stock after purchasing an additional 95,758 shares during the quarter. Quest Partners LLC’s holdings in News were worth $2,550,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in shares of News during the 2nd quarter worth approximately $26,000. Acadian Asset Management LLC boosted its stake 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 worth $28,000 after acquiring an additional 506 shares during the period. Innealta Capital LLC bought a new position in shares of News during the 2nd quarter worth approximately $46,000. Covestor Ltd boosted its stake in shares of News by 125.8% during the 1st quarter. Covestor Ltd now owns 1,727 shares of the company’s stock worth $45,000 after acquiring an additional 962 shares during the period. Finally, Family Firm Inc. bought a new position in shares of News during the 2nd quarter worth approximately $73,000. 66.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NWSA has been the topic of a number of research reports. Guggenheim upped their price objective on News from $36.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. StockNews.com lowered News from a “buy” rating to a “hold” rating in a report on Monday, November 11th. JPMorgan Chase & Co. upped their price objective on News from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Finally, Loop Capital upped 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. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, News currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.67.

News Stock Performance

NASDAQ:NWSA opened at $28.62 on Monday. The stock has a fifty day moving average price of $26.84 and a 200-day moving average price of $26.96. The company has a market cap of $16.27 billion, a price-to-earnings ratio of 46.16 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 $20.83 and a fifty-two week high of $30.03.

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.