Boyar Asset Management Inc. Trims Stake in News Co. (NASDAQ:NWSA)

Boyar Asset Management Inc. lessened its holdings in News Co. (NASDAQ:NWSA) by 6.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,781 shares of the company’s stock after selling 1,080 shares during the period. Boyar Asset Management Inc.’s holdings in News were worth $394,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Barclays PLC raised its holdings in shares of 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 acquiring an additional 8,144,856 shares in the last quarter. Whale Rock Capital Management LLC purchased a new stake in News in the third quarter valued at approximately $44,585,000. State Street Corp lifted its position in News by 6.1% during the third quarter. State Street Corp now owns 25,799,596 shares of the company’s stock valued at $689,397,000 after purchasing an additional 1,476,224 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in News by 1,815.4% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,413,158 shares of the company’s stock worth $37,632,000 after buying an additional 1,339,379 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of News by 230.1% in the 3rd quarter. Bank of Montreal Can now owns 1,092,506 shares of the company’s stock worth $28,951,000 after buying an additional 761,524 shares during the last quarter. Institutional investors own 66.97% of the company’s stock.

Analyst Ratings Changes

NWSA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of News from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. StockNews.com upgraded News from a “hold” rating to a “buy” rating in a report on Tuesday. Loop Capital increased their price objective on News from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday. Finally, Guggenheim boosted their target price on News from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $40.33.

News Stock Up 0.0 %

Shares of NASDAQ:NWSA opened at $29.07 on Thursday. The stock has a market capitalization of $16.53 billion, a P/E ratio of 46.89 and a beta of 1.35. The stock’s 50-day moving average price is $27.89 and its 200-day moving average price is $27.44. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. News Co. has a 12-month low of $21.85 and a 12-month high of $30.03.

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.