Principal Financial Group Inc. raised its stake in shares of News Co. (NASDAQ:NWS – Free Report) by 1.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 137,034 shares of the company’s stock after buying an additional 2,609 shares during the quarter. Principal Financial Group Inc.’s holdings in News were worth $3,830,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of NWS. Covestor Ltd increased its holdings in shares of News by 69.9% in the 1st quarter. Covestor Ltd now owns 1,201 shares of the company’s stock worth $33,000 after purchasing an additional 494 shares in the last quarter. Blue Trust Inc. lifted its position in News by 253.3% during the third quarter. Blue Trust Inc. now owns 2,021 shares of the company’s stock valued at $57,000 after purchasing an additional 1,449 shares during the period. iA Global Asset Management Inc. bought a new position in News during the first quarter valued at approximately $76,000. ORG Wealth Partners LLC bought a new stake in News in the 3rd quarter worth approximately $80,000. Finally, ORG Partners LLC bought a new stake in shares of News in the second quarter worth $81,000. Institutional investors own 14.63% of the company’s stock.
Analyst Ratings Changes
Separately, Loop Capital raised shares of News to a “strong-buy” rating in a report on Tuesday, September 10th.
News Stock Performance
Shares of NASDAQ NWS opened at $32.13 on Friday. The stock has a market cap of $18.27 billion, a PE ratio of 51.82 and a beta of 1.36. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26. The firm has a fifty day moving average price of $28.75 and a 200-day moving average price of $28.22. News Co. has a 1 year low of $22.21 and a 1 year high of $32.75.
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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