News Co. (NASDAQ:NWSA) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its stake in News Co. (NASDAQ:NWSA) by 6.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,470 shares of the company’s stock after selling 1,879 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in News were worth $758,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in shares of News in the 2nd quarter worth about $26,000. Acadian Asset Management LLC increased its stake in shares of 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 purchasing an additional 506 shares during the period. Brooklyn Investment Group bought a new stake in shares of News during the third quarter valued at approximately $39,000. Innealta Capital LLC bought a new position in News in the 2nd quarter worth approximately $46,000. Finally, Family Firm Inc. bought a new position in News in the 2nd quarter worth approximately $73,000. 66.97% of the stock is currently owned by institutional investors.

News Trading Down 2.0 %

Shares of NWSA stock opened at $27.68 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30. The stock has a 50-day simple moving average of $28.10 and a 200 day simple moving average of $27.49. News Co. has a fifty-two week low of $22.65 and a fifty-two week high of $30.03. The stock has a market capitalization of $15.74 billion, a P/E ratio of 44.65 and a beta of 1.35.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NWSA shares. StockNews.com lowered News from a “buy” rating to a “hold” rating in a research report on Wednesday. Loop Capital raised their target price on shares of News from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Guggenheim boosted their price target on shares of News from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock 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.