Cerity Partners LLC Buys 32,866 Shares of News Co. (NASDAQ:NWSA)

Cerity Partners LLC increased its position in shares of News Co. (NASDAQ:NWSA) by 55.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 91,620 shares of the company’s stock after acquiring an additional 32,866 shares during the quarter. Cerity Partners LLC’s holdings in News were worth $2,440,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in 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 valued at $37,632,000 after acquiring an additional 1,339,379 shares during the last quarter. Metropolis Capital Ltd increased its stake in shares of News by 8.9% in the 3rd quarter. Metropolis Capital Ltd now owns 6,779,137 shares of the company’s stock valued at $180,528,000 after purchasing an additional 555,789 shares during the last quarter. ING Groep NV raised its holdings in shares of News by 815.5% during the 3rd quarter. ING Groep NV now owns 429,598 shares of the company’s stock worth $11,440,000 after buying an additional 382,671 shares in the last quarter. AQR Capital Management LLC boosted its stake in News by 188.3% in the second quarter. AQR Capital Management LLC now owns 491,123 shares of the company’s stock valued at $13,540,000 after buying an additional 320,785 shares in the last quarter. Finally, Jane Street Group LLC grew its position in News by 812.6% in the first quarter. Jane Street Group LLC now owns 229,262 shares of the company’s stock valued at $6,002,000 after acquiring an additional 204,141 shares during the last quarter. 66.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NWSA. JPMorgan Chase & Co. raised their price target on shares of News from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Loop Capital raised their target price 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. Guggenheim upped 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, StockNews.com downgraded News from a “buy” rating to a “hold” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.67.

News Stock Performance

Shares of News stock opened at $29.35 on Monday. The stock has a market cap of $16.69 billion, a price-to-earnings ratio of 47.34 and a beta of 1.34. News Co. has a twelve month low of $21.52 and a twelve month high of $30.03. The company’s fifty day moving average is $27.42 and its 200 day moving average is $27.26. 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 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.