Headlands Technologies LLC purchased a new position in News Co. (NASDAQ:NWSA – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,721 shares of the company’s stock, valued at approximately $333,000.
A number of other large investors have also recently made changes to their positions in NWSA. Fidelis Capital Partners LLC bought a new position in shares of News in the first quarter worth $34,000. Lindbrook Capital LLC boosted its holdings in shares of News by 153.1% in the fourth quarter. Lindbrook Capital LLC now owns 1,635 shares of the company’s stock worth $40,000 after acquiring an additional 989 shares during the period. Principal Securities Inc. bought a new position in shares of News in the fourth quarter worth $45,000. Financial Management Professionals Inc. bought a new position in shares of News in the fourth quarter worth $49,000. Finally, Blue Trust Inc. boosted its holdings in shares of News by 65.1% in the fourth quarter. Blue Trust Inc. now owns 2,655 shares of the company’s stock worth $65,000 after acquiring an additional 1,047 shares during the period. 66.97% of the stock is owned by institutional investors.
News Price Performance
Shares of NWSA stock traded down $0.04 on Wednesday, reaching $28.40. The company’s stock had a trading volume of 177,537 shares, compared to its average volume of 2,726,344. The company has a quick ratio of 1.25, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. News Co. has a 12-month low of $19.09 and a 12-month high of $28.62. The company has a market capitalization of $16.18 billion, a P/E ratio of 79.00 and a beta of 1.33. The stock’s 50 day simple moving average is $26.96 and its 200-day simple moving average is $25.80.
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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