Covestor Ltd Decreases Stock Holdings in News Co. (NASDAQ:NWS)

Covestor Ltd lessened its holdings in News Co. (NASDAQ:NWS) by 42.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,152 shares of the company’s stock after selling 1,556 shares during the quarter. Covestor Ltd’s holdings in News were worth $60,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of News by 253.3% in the 3rd quarter. Blue Trust Inc. now owns 2,021 shares of the company’s stock worth $57,000 after purchasing an additional 1,449 shares during the period. iA Global Asset Management Inc. bought a new stake in shares of News in the first quarter valued at $76,000. ORG Wealth Partners LLC purchased a new position in shares of News during the 3rd quarter valued at $80,000. ORG Partners LLC bought a new position in shares of News during the 2nd quarter worth $81,000. Finally, International Assets Investment Management LLC purchased a new stake in News in the 2nd quarter worth about $97,000. 14.63% of the stock is owned by hedge funds and other institutional investors.

News Price Performance

News stock opened at $31.83 on Friday. The firm has a market capitalization of $18.10 billion, a P/E ratio of 51.34 and a beta of 1.36. News Co. has a one year low of $21.75 and a one year high of $32.75. 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 business has a fifty day moving average price of $28.34 and a 200-day moving average price of $27.98.

Analysts Set New Price Targets

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

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.