Nomura Asset Management Co. Ltd. Buys 1,322 Shares of News Co. (NASDAQ:NWSA)

Nomura Asset Management Co. Ltd. grew its stake in shares of News Co. (NASDAQ:NWSA) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,981 shares of the company’s stock after buying an additional 1,322 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in News were worth $2,876,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of NWSA. Seelaus Asset Management LLC boosted its stake in News by 3.8% during 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 during the last quarter. Fifth Third Bancorp boosted its position in shares of News by 3.7% during the second quarter. Fifth Third Bancorp now owns 13,802 shares of the company’s stock worth $381,000 after purchasing an additional 496 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of News by 95.1% in the 2nd 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 during the period. GAMMA Investing LLC increased its position in shares of News by 9.0% in the 3rd quarter. GAMMA Investing LLC now owns 6,578 shares of the company’s stock valued at $175,000 after buying an additional 543 shares in the last quarter. Finally, Pathstone Holdings LLC raised its stake in News by 1.2% during the 3rd quarter. Pathstone Holdings LLC now owns 60,509 shares of the company’s stock worth $1,612,000 after buying an additional 730 shares during the period. 66.97% of the stock is currently owned by institutional investors and hedge funds.

News Stock Down 1.3 %

NWSA stock opened at $28.61 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26. The stock has a market capitalization of $16.27 billion, a P/E ratio of 46.15 and a beta of 1.35. News Co. has a fifty-two week low of $22.65 and a fifty-two week high of $30.03. The business has a 50-day moving average of $28.00 and a 200-day moving average of $27.47.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NWSA. 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 research note on Monday, December 9th. Finally, StockNews.com raised shares of News from a “hold” rating to a “buy” rating in a research note on Tuesday, December 10th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently 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.