Banco Santander S.A. Makes New $216,000 Investment in News Co. (NASDAQ:NWSA)

Banco Santander S.A. acquired a new position in News Co. (NASDAQ:NWSA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,114 shares of the company’s stock, valued at approximately $216,000.

Several other institutional investors have also added to or reduced their stakes in the business. Metropolis Capital Ltd raised its position in News by 8.9% in the 3rd quarter. Metropolis Capital Ltd now owns 6,779,137 shares of the company’s stock worth $180,528,000 after buying an additional 555,789 shares during the last quarter. Bank of New York Mellon Corp grew its position in 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 purchasing an additional 61,417 shares during the period. Thompson Siegel & Walmsley LLC raised its stake in News by 2.9% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,120,708 shares of the company’s stock valued at $56,474,000 after buying an additional 58,805 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of 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 during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of News by 0.5% in the second quarter. The Manufacturers Life Insurance Company now owns 1,317,664 shares of the company’s stock worth $36,328,000 after acquiring an additional 5,930 shares during the period. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

News Price Performance

NASDAQ NWSA opened at $29.49 on Friday. The stock 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 company’s 50 day moving average is $27.13 and its two-hundred day moving average is $27.09. 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 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.