State Street Corp Purchases 295,631 Shares of News Co. (NASDAQ:NWS)

State Street Corp increased its position in shares of News Co. (NASDAQ:NWS) by 4.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,069,813 shares of the company’s stock after buying an additional 295,631 shares during the quarter. State Street Corp’s holdings in News were worth $198,254,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. boosted its stake in shares of News by 253.3% during the 3rd quarter. Blue Trust Inc. now owns 2,021 shares of the company’s stock worth $57,000 after buying an additional 1,449 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in News during the third quarter worth about $80,000. ORG Partners LLC bought a new position in News in the second quarter valued at approximately $81,000. Point72 DIFC Ltd acquired a new position in shares of News during the 3rd quarter worth approximately $86,000. Finally, International Assets Investment Management LLC bought a new stake in shares of News during the 2nd quarter worth approximately $97,000. Institutional investors and hedge funds own 14.63% of the company’s stock.

News Stock Down 0.9 %

News stock opened at $31.85 on Friday. News Co. has a fifty-two week low of $22.92 and a fifty-two week high of $32.87. The firm has a market capitalization of $18.11 billion, a PE ratio of 51.37 and a beta of 1.38. The company’s 50-day moving average is $30.19 and its 200-day moving average is $28.84. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26.

Wall Street Analyst Weigh In

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