Wellington Management Group LLP Has $1.65 Million Stake in News Co. (NASDAQ:NWSA)

Wellington Management Group LLP cut its position in shares of News Co. (NASDAQ:NWSA) by 48.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,877 shares of the company’s stock after selling 57,477 shares during the quarter. Wellington Management Group LLP’s holdings in News were worth $1,648,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Seelaus Asset Management LLC raised its position in shares of News by 3.8% in the 3rd quarter. Seelaus Asset Management LLC now owns 11,399 shares of the company’s stock worth $304,000 after acquiring an additional 417 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of News by 3.7% in the 2nd quarter. Fifth Third Bancorp now owns 13,802 shares of the company’s stock valued at $381,000 after acquiring an additional 496 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of News by 95.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock valued at $28,000 after acquiring an additional 506 shares during the period. GAMMA Investing LLC boosted its position in shares of News by 9.0% during the 3rd quarter. GAMMA Investing LLC now owns 6,578 shares of the company’s stock worth $175,000 after purchasing an additional 543 shares in the last quarter. Finally, Pathstone Holdings LLC grew its stake in News by 1.2% in the third quarter. Pathstone Holdings LLC now owns 60,509 shares of the company’s stock valued at $1,612,000 after acquiring an additional 730 shares during the period. Institutional investors own 66.97% of the company’s stock.

News Stock Performance

NASDAQ:NWSA opened at $27.68 on Thursday. News Co. has a 52-week low of $22.65 and a 52-week high of $30.03. The firm has a market cap of $15.74 billion, a price-to-earnings ratio of 44.65 and a beta of 1.35. 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 business’s fifty day moving average is $28.10 and its 200 day moving average is $27.49.

Analyst Upgrades and Downgrades

NWSA has been the subject of a number of analyst reports. Guggenheim lifted their price objective on shares of News from $36.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Loop Capital upped their price objective on News from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, StockNews.com lowered shares of News from a “buy” rating to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.33.

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.