MML Investors Services LLC Has $271,000 Position in News Co. (NASDAQ:NWS)

MML Investors Services LLC boosted its stake in News Co. (NASDAQ:NWS) by 37.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,687 shares of the company’s stock after buying an additional 2,633 shares during the quarter. MML Investors Services LLC’s holdings in News were worth $271,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in shares of News during the 2nd quarter valued at about $97,000. CIBC Asset Management Inc lifted its stake in News by 9.3% in the second quarter. CIBC Asset Management Inc now owns 17,615 shares of the company’s stock valued at $500,000 after acquiring an additional 1,495 shares during the last quarter. TD Asset Management Inc grew its position in News by 7.0% in the second quarter. TD Asset Management Inc now owns 22,310 shares of the company’s stock worth $633,000 after acquiring an additional 1,463 shares in the last quarter. National Bank of Canada FI increased its stake in shares of News by 24.0% during the 2nd quarter. National Bank of Canada FI now owns 31,328 shares of the company’s stock worth $882,000 after purchasing an additional 6,054 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of News by 10.0% during the 2nd quarter. Victory Capital Management Inc. now owns 12,593 shares of the company’s stock valued at $358,000 after purchasing an additional 1,149 shares in the last quarter. Institutional investors and hedge funds own 14.63% of the company’s stock.

Analyst Ratings Changes

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

News Stock Performance

Shares of NASDAQ NWS opened at $31.30 on Thursday. The business’s 50-day simple moving average is $30.75 and its 200-day simple moving average is $29.04. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38. News Co. has a 52 week low of $23.99 and a 52 week high of $32.87. The firm has a market cap of $17.80 billion, a price-to-earnings ratio of 50.48 and a beta of 1.38.

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.