Janus Henderson Group PLC Acquires 10,000 Shares of News Co. (NASDAQ:NWSA)

Janus Henderson Group PLC boosted its holdings in News Co. (NASDAQ:NWSA) by 23.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 52,839 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. Janus Henderson Group PLC’s holdings in News were worth $1,407,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Metropolis Capital Ltd increased its stake in shares of 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 acquiring an additional 555,789 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in News by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,337,650 shares of the company’s stock valued at $115,512,000 after purchasing an additional 53,550 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of News by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 2,855,605 shares of the company’s stock valued at $78,729,000 after purchasing an additional 61,417 shares during the period. Thompson Siegel & Walmsley LLC boosted its position in shares of News by 2.9% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,120,708 shares of the company’s stock worth $56,474,000 after purchasing an additional 58,805 shares in the last quarter. Finally, Mirabella Financial Services LLP increased its position in News by 22.1% in the 3rd quarter. Mirabella Financial Services LLP now owns 1,745,661 shares of the company’s stock valued at $46,487,000 after buying an additional 316,076 shares in the last quarter. 66.97% of the stock is owned by institutional investors and hedge funds.

News Stock Down 1.3 %

Shares of NASDAQ:NWSA opened at $28.61 on Friday. The business’s 50 day moving average is $28.00 and its 200 day moving average is $27.46. News Co. has a 12-month low of $22.65 and a 12-month high of $30.03. The stock has a market cap of $16.27 billion, a price-to-earnings ratio of 46.15 and a beta of 1.35. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30.

Wall Street Analyst Weigh In

NWSA has been the topic of several recent research reports. Guggenheim increased 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. Loop Capital increased their target price on News from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, StockNews.com upgraded shares of News from a “hold” rating to a “buy” rating in a research note on Tuesday. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, News has an average rating of “Buy” and an average target price of $40.33.

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.