Qsemble Capital Management LP Makes New Investment in News Co. (NASDAQ:NWSA)

Qsemble Capital Management LP bought a new stake in News Co. (NASDAQ:NWSA) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 37,181 shares of the company’s stock, valued at approximately $990,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its position in News by 32.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 13,765 shares of the company’s stock valued at $360,000 after buying an additional 3,382 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of News in the 1st quarter valued at $575,000. Jane Street Group LLC raised its stake in News by 812.6% in the 1st quarter. Jane Street Group LLC now owns 229,262 shares of the company’s stock worth $6,002,000 after acquiring an additional 204,141 shares during the last quarter. Tidal Investments LLC lifted its position in News by 26.6% during the 1st quarter. Tidal Investments LLC now owns 21,378 shares of the company’s stock worth $560,000 after acquiring an additional 4,496 shares during the period. Finally, Wahed Invest LLC grew its stake in News by 26.9% during the 1st quarter. Wahed Invest LLC now owns 7,493 shares of the company’s stock valued at $196,000 after purchasing an additional 1,588 shares during the last quarter. 66.97% of the stock is owned by hedge funds and other institutional investors.

News Stock Performance

Shares of NASDAQ NWSA opened at $29.28 on Wednesday. News Co. has a 1 year low of $21.52 and a 1 year high of $30.03. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38. The company’s fifty day moving average price is $27.20 and its 200 day moving average price is $27.16. The company has a market capitalization of $16.65 billion, a PE ratio of 47.23 and a beta of 1.34.

Wall Street Analyst Weigh In

A number of research firms recently commented on NWSA. JPMorgan Chase & Co. lifted their target price on News from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Loop Capital lifted their price objective on shares of News from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. StockNews.com downgraded shares of News from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, Guggenheim boosted their target price on shares of News from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.