23,502 Shares in News Co. (NASDAQ:NWS) Acquired by Strategy Asset Managers LLC

Strategy Asset Managers LLC acquired a new position in News Co. (NASDAQ:NWS) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 23,502 shares of the company’s stock, valued at approximately $657,000.

Several other large investors have also recently added to or reduced their stakes in NWS. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of News during the second quarter valued at $22,415,000. International Assets Investment Management LLC increased its stake in News by 3,314.8% during the 3rd quarter. International Assets Investment Management LLC now owns 116,718 shares of the company’s stock valued at $3,262,000 after buying an additional 113,300 shares during the period. Metropolis Capital Ltd raised its position in shares of News by 13.2% during the 2nd quarter. Metropolis Capital Ltd now owns 842,235 shares of the company’s stock worth $23,911,000 after buying an additional 98,172 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of News by 172.2% in the 2nd quarter. SG Americas Securities LLC now owns 118,499 shares of the company’s stock worth $3,364,000 after acquiring an additional 74,968 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of News by 79.0% in the second quarter. Millennium Management LLC now owns 149,036 shares of the company’s stock valued at $4,231,000 after acquiring an additional 65,774 shares in the last quarter. 14.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Loop Capital raised News to a “strong-buy” rating in a report on Tuesday, September 10th.

News Trading Down 0.3 %

Shares of News stock opened at $31.69 on Thursday. The business has a fifty day simple moving average of $28.75 and a 200-day simple moving average of $28.22. The firm has a market cap of $18.02 billion, a price-to-earnings ratio of 51.11 and a beta of 1.36. News Co. has a fifty-two week low of $21.99 and a fifty-two week high of $32.75. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30.

News 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.