Texas Permanent School Fund increased its stake in News Co. (NASDAQ:NWSA – Get Rating) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,310 shares of the company’s stock after buying an additional 610 shares during the quarter. Texas Permanent School Fund’s holdings in News were worth $799,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Community Bank N.A. bought a new stake in shares of News during the second quarter worth $42,000. Rosenberg Matthew Hamilton bought a new stake in shares of News during the second quarter worth $54,000. Brown Brothers Harriman & Co. bought a new stake in shares of News during the first quarter worth $98,000. Dupont Capital Management Corp lifted its position in shares of News by 43.7% during the second quarter. Dupont Capital Management Corp now owns 4,844 shares of the company’s stock worth $75,000 after purchasing an additional 1,472 shares during the last quarter. Finally, AIA Group Ltd lifted its position in shares of News by 57.4% during the first quarter. AIA Group Ltd now owns 5,006 shares of the company’s stock worth $111,000 after purchasing an additional 1,826 shares during the last quarter. 64.40% of the stock is currently owned by institutional investors.
News Price Performance
NWSA opened at $17.83 on Monday. The business’s 50-day moving average is $16.49 and its two-hundred day moving average is $16.74. News Co. has a 1 year low of $14.87 and a 1 year high of $23.73. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.25 and a quick ratio of 1.12. The firm has a market capitalization of $10.26 billion, a PE ratio of 22.29 and a beta of 1.28.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the company. StockNews.com downgraded News from a “buy” rating to a “hold” rating in a report on Thursday, November 10th. Guggenheim decreased their price objective on News to $32.00 in a report on Thursday, October 20th. Loop Capital downgraded News from a “buy” rating to a “hold” rating and decreased their price objective for the company from $30.00 to $17.00 in a report on Monday, October 17th. Finally, Macquarie downgraded News from an “outperform” rating to a “neutral” rating and set a $21.10 price objective for the company. in a report on Thursday, July 28th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $23.37.
News Corp. is a media and information services company, which engages in the creation and distribution of content and other services. It operates through the following segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other. The Digital Real Estate Services segment refers to the firm’s interest in the REA Group, a company with operations focused on property and property-related advertising and services, as well as financial services.
- Get a free copy of the StockNews.com research report on News (NWSA)
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