News Co. (NASDAQ:NWS) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its holdings in shares of News Co. (NASDAQ:NWS) by 11.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 250,582 shares of the company’s stock after purchasing an additional 26,044 shares during the period. BNP Paribas Financial Markets’ holdings in News were worth $7,004,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Metropolis Capital Ltd grew its holdings in News by 10.5% during the third quarter. Metropolis Capital Ltd now owns 930,950 shares of the company’s stock worth $26,020,000 after acquiring an additional 88,715 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of News during the 2nd quarter worth $22,415,000. Hsbc Holdings PLC increased its holdings in shares of News by 7.4% in the 2nd quarter. Hsbc Holdings PLC now owns 215,462 shares of the company’s stock valued at $6,131,000 after purchasing an additional 14,791 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of News by 24.9% in the second quarter. Renaissance Technologies LLC now owns 186,630 shares of the company’s stock valued at $5,298,000 after purchasing an additional 37,220 shares during the period. Finally, Millennium Management LLC boosted its holdings in News by 79.0% during the second 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 in the last quarter. 14.63% of the stock is owned by hedge funds and other institutional investors.

News Stock Up 0.5 %

NWS opened at $32.24 on Tuesday. News Co. has a one year low of $22.21 and a one year high of $32.75. The company has a market cap of $18.33 billion, a price-to-earnings ratio of 52.00 and a beta of 1.36. The business’s fifty day moving average is $29.45 and its two-hundred day moving average is $28.57. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38.

Wall Street Analyst Weigh In

Separately, Loop Capital upgraded shares of News to a “strong-buy” rating in a research 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.