News Co. (NASDAQ:NWSA) Stock Position Raised by Blue Trust Inc.

Blue Trust Inc. lifted its position in News Co. (NASDAQ:NWSA) by 68.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,627 shares of the company’s stock after buying an additional 4,726 shares during the quarter. Blue Trust Inc.’s holdings in News were worth $310,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NWSA. Seelaus Asset Management LLC raised its holdings in shares of News by 3.8% during the 3rd quarter. Seelaus Asset Management LLC now owns 11,399 shares of the company’s stock valued at $304,000 after purchasing an additional 417 shares in the last quarter. Ballentine Partners LLC raised its stake in shares of News by 3.8% in the 4th quarter. Ballentine Partners LLC now owns 11,576 shares of the company’s stock valued at $319,000 after acquiring an additional 422 shares in the last quarter. GAMMA Investing LLC lifted its holdings in News by 9.0% in the 3rd quarter. GAMMA Investing LLC now owns 6,578 shares of the company’s stock worth $175,000 after purchasing an additional 543 shares during the last quarter. Pathstone Holdings LLC boosted its position in News by 1.2% during the third quarter. Pathstone Holdings LLC now owns 60,509 shares of the company’s stock worth $1,612,000 after purchasing an additional 730 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of News by 1.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 41,955 shares of the company’s stock valued at $1,117,000 after purchasing an additional 774 shares during the period. Institutional investors own 66.97% of the company’s stock.

News Price Performance

News stock opened at $28.12 on Monday. The company has a market capitalization of $15.99 billion, a PE ratio of 45.35 and a beta of 1.35. The business has a 50 day simple moving average of $28.23 and a 200 day simple moving average of $27.55. News Co. has a one year low of $22.65 and a one year high of $30.03. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26.

News (NASDAQ:NWSA) last announced its earnings results on Thursday, November 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.16 by $0.05. News had a return on equity of 4.76% and a net margin of 3.49%. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the business earned $0.16 EPS. On average, sell-side analysts forecast that News Co. will post 0.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NWSA has been the topic of several recent analyst reports. Seaport Res Ptn upgraded shares of News to a “strong-buy” rating in a report on Friday. Guggenheim increased their target price on News from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Citigroup started coverage on News in a research report on Friday, January 10th. They issued a “buy” rating and a $36.00 price target on the stock. StockNews.com downgraded shares of News from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Loop Capital decreased their price target on shares of News from $44.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $39.25.

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.