Healthcare of Ontario Pension Plan Trust Fund Acquires New Shares in News Co. (NASDAQ:NWSA)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of News Co. (NASDAQ:NWSA) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 58,244 shares of the company’s stock, valued at approximately $1,551,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new position in shares of News in the 2nd quarter valued at approximately $26,000. Acadian Asset Management LLC lifted its stake in News by 95.1% in the second quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock valued at $28,000 after buying an additional 506 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of News in the third quarter valued at approximately $39,000. Innealta Capital LLC bought a new stake in shares of News during the second quarter worth $46,000. Finally, Family Firm Inc. bought a new stake in News in the 2nd quarter valued at $73,000. 66.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NWSA has been the subject of a number of research reports. Guggenheim increased their target price on News from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. increased their price objective on News from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Loop Capital boosted their target price on News from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, StockNews.com cut shares of News from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $38.67.

News Stock Performance

Shares of NASDAQ NWSA opened at $29.35 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38. The stock has a 50 day moving average price of $27.42 and a 200 day moving average price of $27.26. The stock has a market capitalization of $16.69 billion, a PE ratio of 47.34 and a beta of 1.34. News Co. has a 52 week low of $21.52 and a 52 week high of $30.03.

News 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.