KBC Group NV Boosts Stock Position in News Co. (NASDAQ:NWSA)

KBC Group NV boosted its holdings in shares of News Co. (NASDAQ:NWSA) by 2.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 385,015 shares of the company’s stock after purchasing an additional 8,247 shares during the quarter. KBC Group NV owned about 0.07% of News worth $10,253,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. International Assets Investment Management LLC purchased a new position in News in the second quarter worth about $26,000. Acadian Asset Management LLC lifted its stake 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 purchasing an additional 506 shares during the last quarter. Covestor Ltd boosted its holdings in shares of News by 125.8% in the 1st quarter. Covestor Ltd now owns 1,727 shares of the company’s stock worth $45,000 after purchasing an additional 962 shares during the period. Innealta Capital LLC purchased a new stake in News during the 2nd quarter valued at $46,000. Finally, Family Firm Inc. bought a new stake in News in the second quarter worth $73,000. 66.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of News from $34.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Guggenheim increased their price objective 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. StockNews.com lowered News from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Loop Capital raised their price target on News from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.67.

News Price Performance

News stock opened at $28.62 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 cap of $16.27 billion, a price-to-earnings ratio of 46.16 and a beta of 1.34. The firm has a 50-day moving average of $26.84 and a two-hundred day moving average of $26.94. News Co. has a 1 year low of $20.83 and a 1 year high of $30.03.

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.