Mutual of America Capital Management LLC Trims Stock Holdings in News Co. (NASDAQ:NWSA)

Mutual of America Capital Management LLC lowered its position in shares of News Co. (NASDAQ:NWSA) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,581 shares of the company’s stock after selling 1,240 shares during the quarter. Mutual of America Capital Management LLC’s holdings in News were worth $1,240,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Seelaus Asset Management LLC boosted its stake in News by 3.8% during the third quarter. Seelaus Asset Management LLC now owns 11,399 shares of the company’s stock worth $304,000 after acquiring an additional 417 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of News by 3.7% during the second quarter. Fifth Third Bancorp now owns 13,802 shares of the company’s stock valued at $381,000 after purchasing an additional 496 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of News by 95.1% in the 2nd quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock worth $28,000 after purchasing an additional 506 shares in the last quarter. CWM LLC increased its position in News by 7.8% during the 2nd quarter. CWM LLC now owns 7,339 shares of the company’s stock valued at $202,000 after buying an additional 532 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in News by 9.0% during the third quarter. GAMMA Investing LLC now owns 6,578 shares of the company’s stock valued at $175,000 after buying an additional 543 shares during the last quarter. Institutional investors own 66.97% of the company’s stock.

News Price Performance

NASDAQ NWSA opened at $29.46 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38. The company has a market capitalization of $16.75 billion, a price-to-earnings ratio of 47.52 and a beta of 1.34. The stock has a 50-day moving average of $27.13 and a 200 day moving average of $27.13. News Co. has a one year low of $21.52 and a one year high of $30.03.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. StockNews.com cut News from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. increased their price objective on shares of News from $34.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Loop Capital lifted their target price on shares of News from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Finally, Guggenheim increased their price target on shares of News from $36.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, News has a consensus rating of “Moderate Buy” and an average price target of $38.67.

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.