Public Employees Retirement System of Ohio Reduces Position in News Co. (NASDAQ:NWSA)

Public Employees Retirement System of Ohio reduced its position in News Co. (NASDAQ:NWSA) by 3.8% during the third quarter, HoldingsChannel.com reports. The firm owned 148,829 shares of the company’s stock after selling 5,929 shares during the period. Public Employees Retirement System of Ohio’s holdings in News were worth $3,963,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NWSA. Seelaus Asset Management LLC raised its holdings in shares of News by 3.8% in the third quarter. Seelaus Asset Management LLC now owns 11,399 shares of the company’s stock worth $304,000 after buying an additional 417 shares during the period. Fifth Third Bancorp increased its stake in News by 3.7% in 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 during the period. Acadian Asset Management LLC lifted its position in shares of News by 95.1% during the second quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock worth $28,000 after purchasing an additional 506 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of News by 9.0% during the third quarter. GAMMA Investing LLC now owns 6,578 shares of the company’s stock valued at $175,000 after purchasing an additional 543 shares during the period. Finally, Pathstone Holdings LLC grew its holdings in shares of News by 1.2% in the third quarter. Pathstone Holdings LLC now owns 60,509 shares of the company’s stock worth $1,612,000 after purchasing an additional 730 shares during the last quarter. Institutional investors own 66.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. StockNews.com upgraded shares of News from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th. Guggenheim lifted their price target on shares of News from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Loop Capital increased their price objective on News from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $40.33.

News Trading Down 1.3 %

NASDAQ NWSA opened at $28.61 on Monday. News Co. has a one year low of $22.65 and a one year high of $30.03. 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 company has a market capitalization of $16.27 billion, a price-to-earnings ratio of 46.15 and a beta of 1.35. The company’s 50-day simple moving average is $28.00 and its two-hundred day simple moving average is $27.47.

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.