Seelaus Asset Management LLC Buys 417 Shares of News Co. (NASDAQ:NWSA)

Seelaus Asset Management LLC raised its stake in News Co. (NASDAQ:NWSA) by 3.8% during the third quarter, HoldingsChannel.com reports. The fund owned 11,399 shares of the company’s stock after acquiring an additional 417 shares during the quarter. Seelaus Asset Management LLC’s holdings in News were worth $304,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in News in the 2nd quarter valued at $26,000. Acadian Asset Management LLC increased its position in News by 95.1% in the 2nd quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock valued at $28,000 after acquiring an additional 506 shares in the last quarter. Covestor Ltd raised its stake in shares of News by 125.8% in the first quarter. Covestor Ltd now owns 1,727 shares of the company’s stock worth $45,000 after acquiring an additional 962 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of News during the second quarter worth approximately $46,000. Finally, Family Firm Inc. bought a new stake in shares of News during the second quarter valued at approximately $73,000. 66.97% of the stock is currently owned by institutional investors and hedge funds.

News Stock Performance

Shares of NWSA stock opened at $28.62 on Friday. The stock has a 50-day moving average of $26.84 and a 200-day moving average of $26.92. News Co. has a one year low of $20.83 and a one year high of $30.03. The stock has a market cap of $16.27 billion, a PE ratio of 46.16 and a beta of 1.34. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NWSA shares. JPMorgan Chase & Co. upped their price target on News from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Loop Capital upped 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. StockNews.com cut shares of News from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Guggenheim increased their price objective on shares of News from $36.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, News currently has an average rating of “Moderate Buy” and an average price target of $38.67.

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.