Mufg Securities Americas Inc. purchased a new position in News Co. (NASDAQ:NWS – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,653 shares of the company’s stock, valued at approximately $50,000.
Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in News by 72.1% in the fourth quarter. Blue Trust Inc. now owns 3,478 shares of the company’s stock worth $97,000 after purchasing an additional 1,457 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of News by 16.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,043 shares of the company’s stock valued at $153,000 after acquiring an additional 727 shares during the period. Asset Management One Co. Ltd. increased its position in shares of News by 22.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,668 shares of the company’s stock valued at $82,000 after acquiring an additional 497 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of News in the fourth quarter valued at about $823,000. Finally, LPL Financial LLC increased its position in shares of News by 56.8% in the fourth quarter. LPL Financial LLC now owns 50,373 shares of the company’s stock valued at $1,533,000 after acquiring an additional 18,254 shares during the period. 14.63% of the stock is owned by institutional investors.
News Price Performance
Shares of NASDAQ NWS opened at $32.93 on Friday. News Co. has a 1 year low of $26.04 and a 1 year high of $35.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.65. The company’s 50-day moving average is $30.73 and its 200 day moving average is $31.36. The stock has a market capitalization of $18.64 billion, a P/E ratio of 45.11 and a beta of 1.28.
Wall Street Analyst Weigh In
Separately, Seaport Res Ptn upgraded shares of News to a “strong-buy” rating in a research report on Friday, January 31st.
Check Out Our Latest Research Report on NWS
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.
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