Public Sector Pension Investment Board Acquires 1,400 Shares of News Co. (NASDAQ:NWSA)

Public Sector Pension Investment Board boosted its stake in News Co. (NASDAQ:NWSA) by 9.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,371 shares of the company’s stock after purchasing an additional 1,400 shares during the quarter. Public Sector Pension Investment Board’s holdings in News were worth $436,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in NWSA. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of News by 1,815.4% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,413,158 shares of the company’s stock worth $37,632,000 after buying an additional 1,339,379 shares in the last quarter. Bank of Montreal Can boosted its position in shares of News by 230.1% during the 3rd quarter. Bank of Montreal Can now owns 1,092,506 shares of the company’s stock valued at $28,951,000 after acquiring an additional 761,524 shares during the last quarter. Metropolis Capital Ltd increased its position in shares of News by 8.9% in the third quarter. Metropolis Capital Ltd now owns 6,779,137 shares of the company’s stock worth $180,528,000 after purchasing an additional 555,789 shares during the last quarter. ING Groep NV increased its position in shares of News by 815.5% in the third quarter. ING Groep NV now owns 429,598 shares of the company’s stock worth $11,440,000 after purchasing an additional 382,671 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in News by 188.3% during the second quarter. AQR Capital Management LLC now owns 491,123 shares of the company’s stock valued at $13,540,000 after purchasing an additional 320,785 shares during the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

News Trading Down 0.6 %

NASDAQ NWSA opened at $29.35 on Monday. The stock has a 50-day moving average of $27.73 and a 200-day moving average of $27.38. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. News Co. has a 1-year low of $21.65 and a 1-year high of $30.03. The firm has a market cap of $16.69 billion, a PE ratio of 47.34 and a beta of 1.35.

Analysts Set New Price Targets

NWSA has been the topic of several research reports. 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 report on Tuesday, September 10th. JPMorgan Chase & Co. lifted their price target on News from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Guggenheim increased their price objective on News from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, StockNews.com lowered News from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $38.67.

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.