News Co. (NASDAQ:NWS) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its stake in shares of News Co. (NASDAQ:NWS) by 4.6% during the third quarter, HoldingsChannel reports. The firm owned 7,986 shares of the company’s stock after buying an additional 348 shares during the period. Daiwa Securities Group Inc.’s holdings in News were worth $223,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

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

News Price Performance

NWS stock opened at $32.09 on Monday. The company has a market capitalization of $18.25 billion, a PE ratio of 51.76 and a beta of 1.36. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30. The stock’s 50 day moving average is $29.37 and its two-hundred day moving average is $28.54. News Co. has a 52-week low of $22.21 and a 52-week 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.