News Co. (NASDAQ:NWSA) Shares Acquired by Barclays PLC

Barclays PLC raised its position in shares of News Co. (NASDAQ:NWSA) by 124.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,713,823 shares of the company’s stock after purchasing an additional 8,144,856 shares during the period. Barclays PLC owned 2.59% of News worth $391,832,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in News in the 2nd quarter worth approximately $26,000. Acadian Asset Management LLC increased its holdings in shares of News by 95.1% during the second 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 during the period. Brooklyn Investment Group acquired a new stake in News in the third quarter worth about $39,000. Innealta Capital LLC bought a new position in News in the 2nd quarter valued at about $46,000. Finally, Family Firm Inc. acquired a new position in News during the 2nd quarter valued at about $73,000. Institutional investors own 66.97% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Loop Capital raised 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. 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. StockNews.com cut News from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their price target on shares of News from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.67.

News Price Performance

NWSA opened at $29.35 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30. News Co. has a 12-month low of $21.65 and a 12-month high of $30.03. The stock has a fifty day moving average of $27.73 and a 200-day moving average of $27.38. The firm has a market capitalization of $16.69 billion, a P/E ratio of 47.34 and a beta of 1.35.

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.