News Co. (NASDAQ:NWSA) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its holdings in shares of News Co. (NASDAQ:NWSA) by 3.2% during the third quarter, HoldingsChannel.com reports. The fund owned 135,184 shares of the company’s stock after selling 4,402 shares during the period. State of New Jersey Common Pension Fund D’s holdings in News were worth $3,600,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC grew its position in shares of News by 294.2% in the first quarter. SG Americas Securities LLC now owns 70,541 shares of the company’s stock valued at $1,847,000 after purchasing an additional 52,648 shares in the last quarter. Atomi Financial Group Inc. increased its position in News by 11.2% during the first quarter. Atomi Financial Group Inc. now owns 9,483 shares of the company’s stock worth $248,000 after purchasing an additional 954 shares during the last quarter. US Bancorp DE grew its stake in shares of News by 2.4% in the 1st quarter. US Bancorp DE now owns 18,406 shares of the company’s stock valued at $482,000 after buying an additional 424 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in shares of News by 7.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 521,360 shares of the company’s stock worth $13,649,000 after buying an additional 37,805 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of News by 12.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 432,593 shares of the company’s stock valued at $11,325,000 after buying an additional 49,588 shares during the period. Hedge funds and other institutional investors own 66.97% of the company’s stock.

News Stock Performance

Shares of NWSA stock opened at $29.33 on Wednesday. The stock has a market capitalization of $16.68 billion, a PE ratio of 47.31 and a beta of 1.34. The company has a quick ratio of 1.33, a current ratio of 1.43 and a debt-to-equity ratio of 0.32. News Co. has a 52 week low of $20.35 and a 52 week high of $30.03. The firm has a 50 day moving average of $26.72 and a two-hundred day moving average of $26.86.

Analyst Ratings Changes

NWSA has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on News from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. StockNews.com lowered News from a “buy” rating to a “hold” rating in a research report on Monday. Guggenheim raised their price target on News from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Loop Capital boosted 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 research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.67.

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.