Clarius Group LLC Takes Position in News Co. (NASDAQ:NWSA)

Clarius Group LLC acquired a new position in shares of News Co. (NASDAQ:NWSA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,283 shares of the company’s stock, valued at approximately $201,000.

A number of other institutional investors have also recently bought and sold shares of NWSA. Barclays PLC boosted its holdings in shares of News by 124.0% in the 3rd quarter. Barclays PLC now owns 14,713,823 shares of the company’s stock valued at $391,832,000 after buying an additional 8,144,856 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of News by 374.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,160,045 shares of the company’s stock valued at $59,488,000 after acquiring an additional 1,704,944 shares during the period. Whale Rock Capital Management LLC bought a new stake in shares of News in the 3rd quarter valued at about $44,585,000. State Street Corp lifted its stake in News by 6.1% in the 3rd quarter. State Street Corp now owns 25,799,596 shares of the company’s stock valued at $689,397,000 after purchasing an additional 1,476,224 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in News by 1,815.4% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,413,158 shares of the company’s stock worth $37,632,000 after buying an additional 1,339,379 shares during the last quarter. Institutional investors own 66.97% of the company’s stock.

News Price Performance

Shares of News stock opened at $27.43 on Tuesday. The company has a 50-day simple moving average of $28.41 and a two-hundred day simple moving average of $27.53. News Co. has a twelve month low of $22.65 and a twelve month high of $30.03. The stock has a market capitalization of $15.60 billion, a price-to-earnings ratio of 44.24 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 subject of several research analyst reports. Citigroup started coverage on News in a research note on Friday, January 10th. They set a “buy” rating and a $36.00 target price for the company. Guggenheim upped 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 decreased their price target on shares of News from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Finally, StockNews.com downgraded shares of News from a “buy” rating to a “hold” rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.50.

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.