JPMorgan Chase & Co. Raises Position in News Co. (NASDAQ:NWS)

JPMorgan Chase & Co. boosted its stake in shares of News Co. (NASDAQ:NWS - Free Report) by 101.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 496,926 shares of the company's stock after buying an additional 249,659 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.09% of News worth $13,889,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Daiwa Securities Group Inc. increased its position in News by 4.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 7,986 shares of the company's stock valued at $223,000 after purchasing an additional 348 shares during the period. Dorsey Wright & Associates boosted its stake in shares of News by 0.4% during the second quarter. Dorsey Wright & Associates now owns 108,906 shares of the company's stock valued at $3,092,000 after purchasing an additional 409 shares in the last quarter. Stifel Financial Corp increased its holdings in News by 1.8% during the third quarter. Stifel Financial Corp now owns 27,063 shares of the company's stock valued at $756,000 after buying an additional 479 shares during the period. GAMMA Investing LLC raised its stake in News by 11.7% in the third quarter. GAMMA Investing LLC now owns 6,061 shares of the company's stock worth $169,000 after buying an additional 634 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in News by 1.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 43,636 shares of the company's stock worth $1,220,000 after buying an additional 641 shares during the period. 14.63% of the stock is currently owned by institutional investors.

News Stock Down 1.7 %

Shares of NASDAQ:NWS traded down $0.53 on Friday, reaching $29.89. The company had a trading volume of 575,028 shares, compared to its average volume of 508,655. The firm has a market capitalization of $17.00 billion, a PE ratio of 48.21 and a beta of 1.38. 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 52-week low of $23.99 and a 52-week high of $32.87. The firm's 50 day simple moving average is $31.34 and its 200-day simple moving average is $29.27.

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.