SageView Advisory Group LLC bought a new stake in shares of News Co. (NASDAQ:NWSA – Free Report) in the 1st quarter, Holdings Channel.com reports. The firm bought 16,946 shares of the company’s stock, valued at approximately $444,000.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Fidelis Capital Partners LLC purchased a new stake in News in the first quarter worth $34,000. Lindbrook Capital LLC raised its holdings in 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 purchasing an additional 989 shares in the last quarter. Principal Securities Inc. purchased a new position in News during the fourth quarter valued at $45,000. Financial Management Professionals Inc. bought a new stake in shares of News during the 4th quarter valued at $49,000. Finally, Blue Trust Inc. grew its position in shares of News by 65.1% in the 4th quarter. Blue Trust Inc. now owns 2,655 shares of the company’s stock worth $65,000 after buying an additional 1,047 shares during the period. 66.97% of the stock is currently owned by institutional investors.
News Stock Down 0.8 %
NASDAQ NWSA traded down $0.21 during trading hours on Thursday, reaching $27.78. 2,156,680 shares of the company’s stock traded hands, compared to its average volume of 2,750,144. The firm has a market cap of $15.83 billion, a PE ratio of 77.17 and a beta of 1.33. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 1.25. News Co. has a 52-week low of $19.09 and a 52-week high of $28.62. The firm has a 50-day simple moving average of $27.10 and a 200 day simple moving average of $25.83.
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 in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.
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