Charles Schwab Investment Management Inc. Raises Stock Holdings in News Co. (NASDAQ:NWSA)

Charles Schwab Investment Management Inc. grew its stake in shares of News Co. (NASDAQ:NWSA) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,337,650 shares of the company’s stock after buying an additional 53,550 shares during the period. Charles Schwab Investment Management Inc.’s holdings in News were worth $115,512,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of News by 59.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 72,078 shares of the company’s stock worth $1,987,000 after purchasing an additional 26,911 shares during the period. Swedbank AB purchased a new position in shares of News during the 1st quarter valued at $4,300,000. Bayesian Capital Management LP purchased a new stake in News in the 1st quarter worth $1,279,000. Quadrature Capital Ltd bought a new stake in News during the first quarter valued at about $575,000. Finally, Lecap Asset Management Ltd. lifted its position in shares of News by 313.6% in the third quarter. Lecap Asset Management Ltd. now owns 35,145 shares of the company’s stock valued at $936,000 after acquiring an additional 26,648 shares in the last quarter. 66.97% of the stock is owned by hedge funds and other institutional investors.

News Trading Down 0.1 %

NWSA stock opened at $29.46 on Tuesday. The firm has a fifty day moving average price of $27.13 and a 200 day moving average price of $27.13. News Co. has a fifty-two week low of $21.52 and a fifty-two week high of $30.03. The firm has a market cap of $16.75 billion, a PE ratio of 47.52 and a beta of 1.34. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. StockNews.com cut News from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. boosted their target price on shares of News from $34.00 to $37.00 and gave the stock an “overweight” rating in a report 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 note on Tuesday, September 10th. Finally, Guggenheim boosted their price target on shares of News from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.