Nisa Investment Advisors LLC Raises Stock Holdings in News Co. (NASDAQ:NWS)

Nisa Investment Advisors LLC grew its stake in shares of News Co. (NASDAQ:NWS) by 218.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,445 shares of the company’s stock after buying an additional 3,735 shares during the period. Nisa Investment Advisors LLC’s holdings in News were worth $153,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. State of Alaska Department of Revenue lifted its holdings in News by 7.1% during the third quarter. State of Alaska Department of Revenue now owns 13,285 shares of the company’s stock valued at $371,000 after purchasing an additional 885 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of News during the 3rd quarter valued at $351,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of News by 41.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,247 shares of the company’s stock valued at $230,000 after buying an additional 2,405 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in News by 3,314.8% in the 3rd quarter. International Assets Investment Management LLC now owns 116,718 shares of the company’s stock worth $3,262,000 after buying an additional 113,300 shares during the period. Finally, Metropolis Capital Ltd boosted its holdings in News by 10.5% in the 3rd quarter. Metropolis Capital Ltd now owns 930,950 shares of the company’s stock worth $26,020,000 after buying an additional 88,715 shares during the period. 14.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Loop Capital upgraded News to a “strong-buy” rating in a research report on Tuesday, September 10th.

News Stock Up 4.0 %

NASDAQ NWS opened at $30.98 on Thursday. News Co. has a 12 month low of $21.19 and a 12 month high of $31.05. The company has a current ratio of 1.43, a quick ratio of 1.33 and a debt-to-equity ratio of 0.32. The stock has a market cap of $17.61 billion, a PE ratio of 67.35 and a beta of 1.36. The stock’s 50 day moving average is $28.03 and its 200 day moving average is $27.74.

News (NASDAQ:NWS) last released its earnings results on Thursday, August 8th. The company reported $0.17 EPS for the quarter. The firm had revenue of $2.58 billion for the quarter. News had a net margin of 2.64% and a return on equity of 4.51%.

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.