News Co. (NASDAQ:NWSA) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in shares of News Co. (NASDAQ:NWSA) by 0.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 217,619 shares of the company’s stock after selling 1,177 shares during the period. Victory Capital Management Inc.’s holdings in News were worth $5,795,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NWSA. Metropolis Capital Ltd increased its position in shares of News by 8.9% during the third quarter. Metropolis Capital Ltd now owns 6,779,137 shares of the company’s stock worth $180,528,000 after purchasing an additional 555,789 shares in the last quarter. AQR Capital Management LLC increased its position in shares of News by 188.3% during the second quarter. AQR Capital Management LLC now owns 491,123 shares of the company’s stock worth $13,540,000 after purchasing an additional 320,785 shares in the last quarter. Jane Street Group LLC increased its position in shares of News by 812.6% during the first quarter. Jane Street Group LLC now owns 229,262 shares of the company’s stock worth $6,002,000 after purchasing an additional 204,141 shares in the last quarter. Achmea Investment Management B.V. increased its position in shares of News by 504.7% during the second quarter. Achmea Investment Management B.V. now owns 236,044 shares of the company’s stock worth $6,508,000 after purchasing an additional 197,008 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of News by 230.8% during the second quarter. Assenagon Asset Management S.A. now owns 268,326 shares of the company’s stock worth $7,398,000 after purchasing an additional 187,222 shares in the last quarter. Institutional investors and hedge funds own 66.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on News from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. StockNews.com lowered News from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Guggenheim raised 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. Finally, Loop Capital raised their price target on News from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.67.

News Price Performance

Shares of NWSA opened at $29.49 on Friday. News Co. has a twelve month low of $21.52 and a twelve month high of $30.03. The stock’s 50 day moving average is $27.06 and its two-hundred day moving average is $27.06. The firm has a market capitalization of $16.77 billion, a PE ratio of 47.52 and a beta of 1.34. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30.

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.