DRW Securities LLC Sells 7,226 Shares of News Co. (NASDAQ:NWSA)

DRW Securities LLC lowered its position in News Co. (NASDAQ:NWSA) by 27.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 19,210 shares of the company’s stock after selling 7,226 shares during the period. DRW Securities LLC’s holdings in News were worth $512,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new stake in News during the 3rd quarter valued at approximately $422,000. Daiwa Securities Group Inc. boosted its position in shares of News by 10.1% during the third quarter. Daiwa Securities Group Inc. now owns 51,571 shares of the company’s stock worth $1,373,000 after acquiring an additional 4,747 shares during the last quarter. Cerity Partners LLC increased its holdings in News by 55.9% in the 3rd quarter. Cerity Partners LLC now owns 91,620 shares of the company’s stock valued at $2,440,000 after acquiring an additional 32,866 shares during the last quarter. Citigroup Inc. lifted its stake in News by 1.2% in the 3rd quarter. Citigroup Inc. now owns 571,280 shares of the company’s stock worth $15,213,000 after purchasing an additional 6,786 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of News by 1.2% during the 3rd 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. Hedge funds and other institutional investors own 66.97% of the company’s stock.

News Price Performance

NASDAQ:NWSA opened at $29.28 on Wednesday. The firm has a market capitalization of $16.65 billion, a price-to-earnings ratio of 47.23 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. The business has a 50 day simple moving average of $27.20 and a 200-day simple moving average of $27.16. News Co. has a 1 year low of $21.52 and a 1 year high of $30.03.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NWSA shares. JPMorgan Chase & Co. lifted their target price on News from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. StockNews.com cut News from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Loop Capital raised their target price on shares of 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 shares of News from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, News has an average rating of “Moderate Buy” and an average target price of $38.67.

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.