News Co. (NASDAQ:NWS) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its stake in News Co. (NASDAQ:NWS) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,443 shares of the company’s stock after selling 794 shares during the quarter. Retirement Systems of Alabama’s holdings in News were worth $683,000 at the end of the most recent reporting period.

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

News Stock Performance

Shares of NWS stock opened at $30.70 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38. The firm has a market cap of $17.46 billion, a P/E ratio of 49.52 and a beta of 1.38. The firm’s 50 day moving average price is $30.61 and its 200-day moving average price is $28.98. News Co. has a one year low of $23.99 and a one year high of $32.87.

Wall Street Analyst Weigh In

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

About News

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.