Worldquant Millennium Advisors LLC Raises Stock Holdings in News Co. (NASDAQ:NWSA)

Worldquant Millennium Advisors LLC increased its position in News Co. (NASDAQ:NWSA) by 108.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 215,642 shares of the company’s stock after purchasing an additional 111,987 shares during the period. Worldquant Millennium Advisors LLC’s holdings in News were worth $5,743,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in News by 59.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 72,078 shares of the company’s stock worth $1,987,000 after purchasing an additional 26,911 shares during the period. Qsemble Capital Management LP purchased a new stake in shares of News in the third quarter worth $990,000. Lecap Asset Management Ltd. grew its stake in shares of News by 313.6% in the third quarter. Lecap Asset Management Ltd. now owns 35,145 shares of the company’s stock worth $936,000 after acquiring an additional 26,648 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of News by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,337,650 shares of the company’s stock worth $115,512,000 after acquiring an additional 53,550 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of News by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 2,855,605 shares of the company’s stock worth $78,729,000 after acquiring an additional 61,417 shares during the last quarter. 66.97% of the stock is owned by hedge funds and other institutional investors.

News Price Performance

Shares of NWSA stock opened at $29.35 on Friday. News Co. has a 52-week low of $21.65 and a 52-week high of $30.03. 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 firm has a market capitalization of $16.69 billion, a P/E ratio of 47.34 and a beta of 1.35. The stock has a 50 day moving average price of $27.73 and a 200 day moving average price of $27.37.

Wall Street Analysts Forecast Growth

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