Oak Thistle LLC Decreases Stock Holdings in News Co. (NASDAQ:NWSA)

Oak Thistle LLC decreased its holdings in shares of News Co. (NASDAQ:NWSA) by 48.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 42,419 shares of the company’s stock after selling 40,239 shares during the period. Oak Thistle LLC’s holdings in News were worth $1,168,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of News by 59.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 72,078 shares of the company’s stock valued at $1,987,000 after buying an additional 26,911 shares in the last quarter. Qsemble Capital Management LP acquired a new position in News in the 3rd quarter valued at $990,000. Barclays PLC raised its stake in News by 124.0% in the 3rd quarter. Barclays PLC now owns 14,713,823 shares of the company’s stock valued at $391,832,000 after purchasing an additional 8,144,856 shares during the last quarter. Lecap Asset Management Ltd. raised its stake in News by 313.6% in the 3rd quarter. Lecap Asset Management Ltd. now owns 35,145 shares of the company’s stock valued at $936,000 after purchasing an additional 26,648 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in News by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,337,650 shares of the company’s stock valued at $115,512,000 after purchasing an additional 53,550 shares during the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

Analyst Upgrades and Downgrades

NWSA has been the subject of several recent research reports. StockNews.com raised News from a “hold” rating to a “buy” rating in a research note on Thursday, December 26th. Loop Capital reduced their price objective on News from $44.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Citigroup started coverage on News in a research note on Friday, January 10th. They issued a “buy” rating and a $36.00 price objective for the company. Finally, Guggenheim raised their target price on News from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $38.50.

News Stock Up 0.4 %

Shares of NWSA opened at $27.55 on Wednesday. The company has a market capitalization of $15.67 billion, a PE ratio of 44.44 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. News Co. has a 52-week low of $22.65 and a 52-week high of $30.03. The stock has a fifty day simple moving average of $28.55 and a two-hundred day simple moving average of $27.54.

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.