Strategy Asset Managers LLC bought a new stake in News Co. (NASDAQ:NWS - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,502 shares of the company's stock, valued at approximately $657,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Dorsey Wright & Associates lifted its holdings in News by 0.4% during the 2nd quarter. Dorsey Wright & Associates now owns 108,906 shares of the company's stock worth $3,092,000 after purchasing an additional 409 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in News by 1.4% during the 2nd quarter. QRG Capital Management Inc. now owns 35,065 shares of the company's stock valued at $995,000 after acquiring an additional 486 shares during the period. Covestor Ltd grew its holdings in shares of News by 69.9% in the first quarter. Covestor Ltd now owns 1,201 shares of the company's stock worth $33,000 after purchasing an additional 494 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of News by 8.7% in the second quarter. Daiwa Securities Group Inc. now owns 7,638 shares of the company's stock valued at $217,000 after acquiring an additional 612 shares during the period. Finally, GAMMA Investing LLC raised its position in News by 11.7% during the 3rd quarter. GAMMA Investing LLC now owns 6,061 shares of the company's stock valued at $169,000 after purchasing an additional 634 shares during the last quarter. Hedge funds and other institutional investors own 14.63% of the company's stock.
News Stock Down 0.3 %
NASDAQ NWS opened at $31.69 on Thursday. News Co. has a 52 week low of $21.99 and a 52 week high of $32.75. The company has a market capitalization of $18.02 billion, a P/E ratio of 51.11 and a beta of 1.36. The stock's 50-day moving average price is $28.75 and its 200-day moving average price is $28.22. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30.
Analysts Set New Price Targets
Separately, Loop Capital raised shares of News to a "strong-buy" rating in a research report on Tuesday, September 10th.
Get Our Latest Stock Report on NWS
About News
(
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.
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