Inspire Advisors LLC raised its holdings in News Co. (NASDAQ:NWSA – Free Report) by 8.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,517 shares of the company’s stock after acquiring an additional 1,631 shares during the period. Inspire Advisors LLC’s holdings in News were worth $563,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fidelis Capital Partners LLC bought a new stake in shares of News during the first quarter worth about $34,000. Lindbrook Capital LLC increased its holdings in shares of News by 153.1% during the fourth quarter. Lindbrook Capital LLC now owns 1,635 shares of the company’s stock valued at $40,000 after acquiring an additional 989 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of News during the fourth quarter valued at approximately $45,000. Financial Management Professionals Inc. bought a new stake in shares of News during the fourth quarter valued at approximately $49,000. Finally, Blue Trust Inc. increased its holdings in shares of News by 65.1% during the fourth quarter. Blue Trust Inc. now owns 2,655 shares of the company’s stock valued at $65,000 after acquiring an additional 1,047 shares in the last quarter. Institutional investors own 66.97% of the company’s stock.
News Stock Up 2.7 %
News stock traded up $0.75 during trading on Tuesday, hitting $28.45. 2,004,918 shares of the company were exchanged, compared to its average volume of 2,727,572. The business’s 50 day moving average is $26.88 and its 200 day moving average is $25.77. News Co. has a 52 week low of $19.09 and a 52 week high of $28.62. The company has a market capitalization of $16.21 billion, a P/E ratio of 76.94 and a beta of 1.33. The company has a current ratio of 1.36, a quick ratio of 1.25 and a debt-to-equity ratio of 0.32.
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 in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.
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