UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 19,382 Shares of News Co. (NASDAQ:NWSA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of News Co. (NASDAQ:NWSA) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,714,784 shares of the company’s stock after selling 19,382 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.30% of News worth $45,665,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Metropolis Capital Ltd grew its holdings in shares of News by 8.9% during the third quarter. Metropolis Capital Ltd now owns 6,779,137 shares of the company’s stock worth $180,528,000 after purchasing an additional 555,789 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in News by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,337,650 shares of the company’s stock valued at $115,512,000 after purchasing an additional 53,550 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of News by 2.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,855,605 shares of the company’s stock worth $78,729,000 after buying an additional 61,417 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in shares of News by 2.9% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,120,708 shares of the company’s stock worth $56,474,000 after acquiring an additional 58,805 shares during the last quarter. Finally, Mirabella Financial Services LLP grew its position in News by 22.1% in the third quarter. Mirabella Financial Services LLP now owns 1,745,661 shares of the company’s stock worth $46,487,000 after acquiring an additional 316,076 shares in the last quarter. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

News Trading Up 1.4 %

NASDAQ:NWSA opened at $29.86 on Wednesday. The firm has a market capitalization of $16.98 billion, a P/E ratio of 48.16 and a beta of 1.35. News Co. has a 52 week low of $21.52 and a 52 week high of $30.03. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30. The company has a fifty day moving average of $27.54 and a 200 day moving average of $27.31.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Guggenheim lifted their price target on News from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Loop Capital increased their price target 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 lowered shares of News from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. lifted their target price on shares of News from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, News presently has an average 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.