SG Americas Securities LLC boosted its stake in shares of News Co. (NASDAQ:NWS – Get Rating) by 91.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,085 shares of the company’s stock after buying an additional 20,109 shares during the period. SG Americas Securities LLC’s holdings in News were worth $649,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Federated Hermes Inc. raised its stake in shares of News by 415.4% in the second quarter. Federated Hermes Inc. now owns 1,572 shares of the company’s stock worth $25,000 after purchasing an additional 1,267 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in News during the 2nd quarter valued at about $32,000. CWM LLC boosted its holdings in shares of News by 310.2% during the 2nd quarter. CWM LLC now owns 2,162 shares of the company’s stock valued at $34,000 after acquiring an additional 1,635 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of News by 40.6% in the second quarter. Captrust Financial Advisors now owns 2,378 shares of the company’s stock worth $38,000 after acquiring an additional 687 shares during the period. Finally, UBS Group AG lifted its position in News by 128.8% during the first quarter. UBS Group AG now owns 2,231 shares of the company’s stock valued at $50,000 after purchasing an additional 1,256 shares during the period. 11.38% of the stock is owned by institutional investors.
News Price Performance
Shares of NWS opened at $19.64 on Friday. The firm has a fifty day simple moving average of $18.71 and a two-hundred day simple moving average of $17.58. The firm has a market cap of $11.31 billion, a PE ratio of 24.55 and a beta of 1.31. The company has a current ratio of 1.25, a quick ratio of 1.12 and a debt-to-equity ratio of 0.34. News Co. has a 1-year low of $15.15 and a 1-year high of $24.16.
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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