News Co. (NASDAQ:NWSA) Shares Purchased by HBK Investments L P

HBK Investments L P raised its holdings in News Co. (NASDAQ:NWSA) by 34.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,110,000 shares of the company’s stock after purchasing an additional 283,500 shares during the quarter. News comprises approximately 0.5% of HBK Investments L P’s portfolio, making the stock its 19th largest holding. HBK Investments L P owned about 0.20% of News worth $29,559,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Seelaus Asset Management LLC boosted its stake in shares of News by 3.8% in the third quarter. Seelaus Asset Management LLC now owns 11,399 shares of the company’s stock valued at $304,000 after buying an additional 417 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of News by 3.7% during the 2nd 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 period. Acadian Asset Management LLC increased its holdings 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 in the last quarter. CWM LLC lifted its stake in shares of News by 7.8% in the second quarter. CWM LLC now owns 7,339 shares of the company’s stock valued at $202,000 after purchasing an additional 532 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in News by 9.0% during the third quarter. GAMMA Investing LLC now owns 6,578 shares of the company’s stock worth $175,000 after buying an additional 543 shares in the last quarter. 66.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NWSA shares. StockNews.com cut shares of News from a “buy” rating to a “hold” rating in a report on Monday, November 11th. 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 report on Thursday, August 15th. Guggenheim lifted their price target 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 raised their target price on shares of News from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $38.67.

News Stock Performance

Shares of NWSA stock opened at $29.05 on Friday. The stock has a market capitalization of $16.52 billion, a price-to-earnings ratio of 46.85 and a beta of 1.34. News Co. has a one year low of $21.52 and a one year high of $30.03. The company’s 50-day simple moving average is $27.36 and its 200-day simple moving average is $27.22. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38.

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.