Fmr LLC Raises Stock Holdings in News Co. (NASDAQ:NWS)

Fmr LLC increased its stake in shares of News Co. (NASDAQ:NWS) by 362.3% in the third quarter, HoldingsChannel reports. The firm owned 94,940 shares of the company’s stock after buying an additional 74,405 shares during the period. Fmr LLC’s holdings in News were worth $2,654,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in NWS. Blue Trust Inc. increased its position in News by 253.3% during the 3rd quarter. Blue Trust Inc. now owns 2,021 shares of the company’s stock valued at $57,000 after buying an additional 1,449 shares in the last quarter. Quest Partners LLC increased its position in News by 273.5% during the 2nd quarter. Quest Partners LLC now owns 57,143 shares of the company’s stock valued at $1,622,000 after buying an additional 41,845 shares in the last quarter. Trustmark National Bank Trust Department acquired a new position in News during the 3rd quarter valued at about $817,000. XY Capital Ltd increased its position in News by 579.0% during the 3rd quarter. XY Capital Ltd now owns 59,764 shares of the company’s stock valued at $1,670,000 after buying an additional 50,962 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position 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 in the last quarter. 14.63% of the stock is currently owned by hedge funds and other institutional investors.

News Stock Down 1.3 %

Shares of NWS stock opened at $31.43 on Friday. The stock’s 50-day simple moving average is $30.26 and its 200-day simple moving average is $28.88. 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 capitalization of $17.87 billion, a PE ratio of 50.69 and a beta of 1.38. News Co. has a fifty-two week low of $23.97 and a fifty-two week high of $32.87.

Analyst Upgrades and Downgrades

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

News Company 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.