Qsemble Capital Management LP Acquires Shares of 37,181 News Co. (NASDAQ:NWSA)

Qsemble Capital Management LP bought a new stake in shares of News Co. (NASDAQ:NWSA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 37,181 shares of the company’s stock, valued at approximately $990,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NWSA. International Assets Investment Management LLC bought a new stake in shares of News in the 2nd quarter worth about $26,000. Acadian Asset Management LLC grew its stake 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. Innealta Capital LLC purchased a new stake in shares of News in the second quarter worth approximately $46,000. Family Firm Inc. purchased a new position in News during the 2nd quarter valued at $73,000. Finally, ORG Partners LLC bought a new position in News in the 2nd quarter valued at $81,000. Hedge funds and other institutional investors own 66.97% of the company’s stock.

News Trading Down 0.6 %

NASDAQ:NWSA opened at $29.28 on Wednesday. The firm has a 50-day simple moving average of $27.20 and a 200-day simple moving average of $27.16. News Co. has a one year low of $21.52 and a one year high of $30.03. The firm has a market cap of $16.65 billion, a P/E ratio of 47.23 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 have recently weighed in on the company. Loop Capital lifted their target price on News from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. boosted 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. Guggenheim lifted their price target 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. Finally, StockNews.com cut News from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company 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.