Janus Henderson Group PLC Purchases 10,000 Shares of News Co. (NASDAQ:NWSA)

Janus Henderson Group PLC increased its holdings in News Co. (NASDAQ:NWSA) by 23.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 52,839 shares of the company’s stock after buying an additional 10,000 shares during the period. Janus Henderson Group PLC’s holdings in News were worth $1,407,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Cetera Advisors LLC bought a new position in News in the 1st quarter valued at $261,000. CWM LLC increased its holdings in News by 7.8% during the second quarter. CWM LLC now owns 7,339 shares of the company’s stock worth $202,000 after buying an additional 532 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in News in the second quarter worth about $289,000. ORG Partners LLC purchased a new position in News in the second quarter valued at about $81,000. Finally, Assenagon Asset Management S.A. grew its position in shares of News by 230.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 268,326 shares of the company’s stock valued at $7,398,000 after acquiring an additional 187,222 shares during the period. 66.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NWSA shares. Guggenheim lifted 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. StockNews.com upgraded News from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Loop Capital increased their price target on News from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, News presently has a consensus rating of “Buy” and a consensus price target of $40.33.

News Stock Down 1.3 %

News stock opened at $28.61 on Friday. The firm has a market capitalization of $16.27 billion, a price-to-earnings ratio of 46.15 and a beta of 1.35. The firm has a 50 day simple moving average of $28.00 and a 200 day simple moving average of $27.46. News Co. has a 1-year low of $22.65 and a 1-year high of $30.03. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30.

About News

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.