Mirabella Financial Services LLP Raises Stake in News Co. (NASDAQ:NWSA)

Mirabella Financial Services LLP raised its holdings in shares of News Co. (NASDAQ:NWSA) by 22.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,745,661 shares of the company’s stock after acquiring an additional 316,076 shares during the quarter. News comprises approximately 3.0% of Mirabella Financial Services LLP’s holdings, making the stock its 7th biggest position. Mirabella Financial Services LLP’s holdings in News were worth $46,487,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Metropolis Capital Ltd grew its holdings in News by 8.9% during the 3rd quarter. Metropolis Capital Ltd now owns 6,779,137 shares of the company’s stock valued at $180,528,000 after buying an additional 555,789 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in News by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,337,650 shares of the company’s stock valued at $115,512,000 after acquiring an additional 53,550 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in News by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,855,605 shares of the company’s stock worth $78,729,000 after acquiring an additional 61,417 shares during the period. Thompson Siegel & Walmsley LLC increased its holdings in News by 2.9% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,120,708 shares of the company’s stock worth $56,474,000 after acquiring an additional 58,805 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in News by 1,815.4% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,413,158 shares of the company’s stock worth $37,632,000 after purchasing an additional 1,339,379 shares in the last quarter. Institutional investors own 66.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Loop Capital upped their price target on shares of News from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. StockNews.com cut News from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Guggenheim lifted their price target on News from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. raised their target price 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, News presently has an average rating of “Moderate Buy” and a consensus price target of $38.67.

News Trading Down 0.2 %

Shares of NWSA stock opened at $29.49 on Monday. The business has a 50-day moving average price of $27.13 and a two-hundred day moving average price of $27.13. News Co. has a 12-month low of $21.52 and a 12-month high of $30.03. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30. The firm has a market cap of $16.77 billion, a P/E ratio of 47.56 and a beta of 1.34.

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.