HighTower Advisors LLC Has $638,000 Position in News Co. (NASDAQ:NWS)

HighTower Advisors LLC trimmed its position in News Co. (NASDAQ:NWS) by 68.7% during the third quarter, HoldingsChannel.com reports. The fund owned 23,029 shares of the company’s stock after selling 50,628 shares during the period. HighTower Advisors LLC’s holdings in News were worth $638,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Metropolis Capital Ltd lifted its holdings in shares of News by 10.5% during the 3rd quarter. Metropolis Capital Ltd now owns 930,950 shares of the company’s stock valued at $26,020,000 after purchasing an additional 88,715 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in News during the 2nd quarter worth approximately $22,415,000. BNP Paribas Financial Markets lifted its stake in News by 11.6% in the third quarter. BNP Paribas Financial Markets now owns 250,582 shares of the company’s stock valued at $7,004,000 after buying an additional 26,044 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of News by 7.4% during the second quarter. Hsbc Holdings PLC now owns 215,462 shares of the company’s stock worth $6,131,000 after acquiring an additional 14,791 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of News by 27.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 199,773 shares of the company’s stock worth $5,584,000 after acquiring an additional 43,107 shares during the period. Institutional investors own 14.63% of the company’s stock.

News Stock Down 0.5 %

Shares of NWS stock opened at $30.46 on Friday. The firm’s fifty day moving average price is $30.55 and its two-hundred day moving average price is $28.96. News Co. has a 1 year low of $23.99 and a 1 year high of $32.87. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $17.32 billion, a P/E ratio of 49.13 and a beta of 1.38.

Wall Street Analyst Weigh In

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

News 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.