Janney Montgomery Scott LLC Reduces Stake in News Co. (NASDAQ:NWSA)

Janney Montgomery Scott LLC reduced its position in News Co. (NASDAQ:NWSA) by 11.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,304 shares of the company’s stock after selling 9,497 shares during the period. Janney Montgomery Scott LLC’s holdings in News were worth $1,872,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NWSA. Metropolis Capital Ltd increased its stake in News by 8.9% in the 3rd quarter. Metropolis Capital Ltd now owns 6,779,137 shares of the company’s stock valued at $180,528,000 after purchasing an additional 555,789 shares in the last quarter. AQR Capital Management LLC increased its stake in News by 188.3% in the 2nd quarter. AQR Capital Management LLC now owns 491,123 shares of the company’s stock valued at $13,540,000 after purchasing an additional 320,785 shares in the last quarter. Jane Street Group LLC grew its holdings in News by 812.6% during the 1st quarter. Jane Street Group LLC now owns 229,262 shares of the company’s stock valued at $6,002,000 after buying an additional 204,141 shares during the last quarter. Achmea Investment Management B.V. grew its holdings in News by 504.7% during the 2nd quarter. Achmea Investment Management B.V. now owns 236,044 shares of the company’s stock valued at $6,508,000 after buying an additional 197,008 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in News by 230.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 268,326 shares of the company’s stock valued at $7,398,000 after buying an additional 187,222 shares during the last quarter. 66.97% of the stock is owned by hedge funds and other institutional investors.

News Price Performance

NWSA stock opened at $28.85 on Thursday. News Co. has a 52-week low of $20.81 and a 52-week high of $30.03. The stock’s fifty day simple moving average is $26.75 and its 200-day simple moving average is $26.87. 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 stock has a market capitalization of $16.40 billion, a price-to-earnings ratio of 46.53 and a beta of 1.34.

Wall Street Analyst Weigh In

NWSA has been the topic of a number of analyst reports. StockNews.com cut News from a “buy” rating to a “hold” rating in a report on Monday. Loop Capital increased their target price on News from $38.00 to $39.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Guggenheim increased their target price on News from $36.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. increased their target price on News from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus 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.