XTX Topco Ltd Lowers Position in News Co. (NASDAQ:NWSA)

XTX Topco Ltd trimmed its holdings in shares of News Co. (NASDAQ:NWSA) by 55.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,406 shares of the company’s stock after selling 29,356 shares during the quarter. XTX Topco Ltd’s holdings in News were worth $623,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of News by 59.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 72,078 shares of the company’s stock worth $1,987,000 after purchasing an additional 26,911 shares during the last quarter. Qsemble Capital Management LP bought a new position in shares of News in the 3rd quarter worth $990,000. Lecap Asset Management Ltd. raised its position in shares of News by 313.6% during the 3rd quarter. Lecap Asset Management Ltd. now owns 35,145 shares of the company’s stock valued at $936,000 after buying an additional 26,648 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of News by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,337,650 shares of the company’s stock worth $115,512,000 after acquiring an additional 53,550 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in News by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 2,855,605 shares of the company’s stock worth $78,729,000 after acquiring an additional 61,417 shares in the last quarter. 66.97% of the stock is currently owned by institutional investors.

News Trading Down 0.3 %

NASDAQ:NWSA opened at $28.98 on Friday. The firm has a market capitalization of $16.48 billion, a P/E ratio of 46.74 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. The company has a fifty day moving average of $27.95 and a 200 day moving average of $27.45. News Co. has a 52 week low of $21.88 and a 52 week high of $30.03.

Wall Street Analyst Weigh In

NWSA has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price target on News from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. StockNews.com upgraded shares of News from a “hold” rating to a “buy” rating in a report on Tuesday. Loop Capital increased their target price on shares of News from $41.00 to $44.00 and gave the company a “buy” rating in a report on Monday. Finally, Guggenheim upped their price target on shares of News from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, News presently has an average rating of “Buy” and a consensus 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.