News Co. (NASDAQ:NWSA) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC cut its position in News Co. (NASDAQ:NWSA) by 13.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,428 shares of the company’s stock after selling 2,132 shares during the period. OneDigital Investment Advisors LLC’s holdings in News were worth $358,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of NWSA. International Assets Investment Management LLC purchased a new stake in News in the second quarter valued at $26,000. Acadian Asset Management LLC boosted its stake in shares of News by 95.1% in the second quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock worth $28,000 after buying an additional 506 shares during the last quarter. Covestor Ltd grew its holdings in News by 125.8% during the first quarter. Covestor Ltd now owns 1,727 shares of the company’s stock worth $45,000 after acquiring an additional 962 shares during the period. Innealta Capital LLC purchased a new position in News during the second quarter valued at approximately $46,000. Finally, Family Firm Inc. purchased a new stake in News in the 2nd quarter worth approximately $73,000. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

News Stock Up 1.4 %

Shares of NASDAQ NWSA opened at $29.55 on Friday. News Co. has a 52-week low of $21.52 and a 52-week high of $30.03. 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 company’s 50-day simple moving average is $26.99 and its 200-day simple moving average is $27.04. The firm has a market cap of $16.80 billion, a price-to-earnings ratio of 47.66 and a beta of 1.34.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NWSA shares. Loop Capital boosted their target price on shares of News from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. StockNews.com downgraded shares of News from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their target price on News from $34.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Finally, Guggenheim upped their price target on News from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, 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.