GSA Capital Partners LLP Boosts Stake in News Co. (NASDAQ:NWSA)

GSA Capital Partners LLP increased its stake in shares of News Co. (NASDAQ:NWSA) by 894.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 98,401 shares of the company’s stock after purchasing an additional 88,504 shares during the period. GSA Capital Partners LLP’s holdings in News were worth $2,620,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of News by 13.4% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 230,799 shares of the company’s stock worth $6,027,000 after purchasing an additional 27,324 shares during the period. Bessemer Group Inc. boosted its position in News by 3,107.1% in the 1st quarter. Bessemer Group Inc. now owns 59,363 shares of the company’s stock valued at $1,555,000 after buying an additional 57,512 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in News by 59.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 72,078 shares of the company’s stock valued at $1,987,000 after buying an additional 26,911 shares during the period. Swedbank AB purchased a new position in News in the 1st quarter valued at approximately $4,300,000. Finally, Bayesian Capital Management LP purchased a new position in News in the 1st quarter valued at approximately $1,279,000. Hedge funds and other institutional investors own 66.97% of the company’s stock.

News Price Performance

Shares of NWSA opened at $29.23 on Tuesday. News Co. has a twelve month low of $20.35 and a twelve month high of $30.03. The firm’s fifty day simple moving average is $26.67 and its 200-day simple moving average is $26.82. The firm has a market capitalization of $16.62 billion, a price-to-earnings ratio of 47.15 and a beta of 1.34. The company has a current ratio of 1.43, a quick ratio of 1.33 and a debt-to-equity ratio of 0.32.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NWSA shares. JPMorgan Chase & Co. raised their price target 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. StockNews.com lowered shares of News from a “buy” rating to a “hold” rating in a report on Monday. Finally, Loop Capital raised their price objective on shares of News from $38.00 to $39.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $38.00.

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.