B. Metzler seel. Sohn & Co. Holding AG Takes $562,000 Position in News Co. (NASDAQ:NWSA)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of News Co. (NASDAQ:NWSA) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 21,116 shares of the company’s stock, valued at approximately $562,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Metropolis Capital Ltd grew its holdings in News by 8.9% during the 3rd quarter. Metropolis Capital Ltd now owns 6,779,137 shares of the company’s stock valued at $180,528,000 after buying an additional 555,789 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of News by 2.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,855,605 shares of the company’s stock worth $78,729,000 after buying an additional 61,417 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of News by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,317,664 shares of the company’s stock worth $36,328,000 after buying an additional 5,930 shares during the last quarter. Swiss National Bank raised its position in shares of News by 1.0% during the 3rd quarter. Swiss National Bank now owns 1,124,375 shares of the company’s stock valued at $29,942,000 after buying an additional 10,900 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of News by 1.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 818,882 shares of the company’s stock valued at $21,807,000 after acquiring an additional 8,289 shares during the last quarter. Institutional investors own 66.97% of the company’s stock.

News Trading Down 0.2 %

NWSA opened at $29.49 on Monday. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. The firm has a market cap of $16.77 billion, a price-to-earnings ratio of 47.56 and a beta of 1.34. News Co. has a 12 month low of $21.52 and a 12 month high of $30.03. The stock has a fifty day moving average price of $27.13 and a 200-day moving average price of $27.13.

Analyst Ratings Changes

NWSA has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on News from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. StockNews.com lowered shares of News from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Loop Capital increased their target price on shares of News from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, Guggenheim lifted their price target on shares of News from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, News currently has an average rating of “Moderate Buy” and an average price target of $38.67.

About News

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.