National Bank of Canada FI Acquires 89,154 Shares of News Co. (NASDAQ:NWSA)

National Bank of Canada FI raised its stake in shares of News Co. (NASDAQ:NWSA) by 85.7% during the 3rd quarter, Holdings Channel reports. The fund owned 193,125 shares of the company’s stock after purchasing an additional 89,154 shares during the period. National Bank of Canada FI’s holdings in News were worth $5,143,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NWSA. International Assets Investment Management LLC bought a new stake in News during the second quarter valued at about $26,000. Acadian Asset Management LLC lifted its position in shares of News by 95.1% during the second quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock valued at $28,000 after buying an additional 506 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of News in the 3rd quarter valued at about $39,000. Innealta Capital LLC purchased a new position in shares of News in the 2nd quarter worth approximately $46,000. Finally, Family Firm Inc. bought a new position in shares of News during the 2nd quarter worth approximately $73,000. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NWSA shares. Guggenheim raised their target price on shares of News from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. StockNews.com upgraded News from a “hold” rating to a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. increased 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. Finally, Loop Capital boosted their price target on News from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $40.33.

News Price Performance

NASDAQ NWSA opened at $28.98 on Friday. The stock’s fifty day moving average price is $27.95 and its 200 day moving average price is $27.45. News Co. has a 1 year low of $21.88 and a 1 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. The company has a market cap of $16.48 billion, a price-to-earnings ratio of 46.74 and a beta of 1.35.

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.