Clarius Group LLC Buys Shares of 7,283 News Co. (NASDAQ:NWSA)

by · The Cerbat Gem

Clarius Group LLC purchased a new position in shares of News Co. (NASDAQ:NWSA – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,283 shares of the company’s stock, valued at approximately $201,000.

Other large investors have also made changes to their positions in the company. HB Wealth Management LLC acquired a new stake in shares of News in the 4th quarter valued at $209,000. Avanza Fonder AB acquired a new stake in News in the fourth quarter valued at about $697,000. Assenagon Asset Management S.A. grew its position in News by 374.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,160,045 shares of the company’s stock valued at $59,488,000 after acquiring an additional 1,704,944 shares during the last quarter. FNY Investment Advisers LLC bought a new position in News in the 4th quarter valued at approximately $137,000. Finally, Miracle Mile Advisors LLC acquired a new stake in shares of News during the 4th quarter valued at $374,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

News Stock Performance

NASDAQ NWSA opened at $27.43 on Tuesday. The company has a market cap of $15.60 billion, a P/E ratio of 44.24 and a beta of 1.35. The company has a fifty day simple moving average of $28.41 and a 200 day simple moving average of $27.53. 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 $22.65 and a 12-month high of $30.03.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Guggenheim boosted their price objective on News from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Loop Capital dropped their price target on News from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. StockNews.com lowered shares of News from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Citigroup initiated coverage on shares of News in a research note on Friday, January 10th. They set a “buy” rating and a $36.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $38.50.

Read Our Latest Stock Analysis on News

News Company Profile

(Free Report)

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.

Further Reading

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