PNC Financial Services Group Inc. cut its stake in shares of News Co. (NASDAQ:NWS – Get Rating) by 9.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,333 shares of the company’s stock after selling 2,693 shares during the quarter. PNC Financial Services Group Inc.’s holdings in News were worth $504,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Captrust Financial Advisors lifted its holdings in 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 purchasing an additional 687 shares during the period. UBS Group AG boosted its holdings in shares of News by 128.8% in the first quarter. UBS Group AG now owns 2,231 shares of the company’s stock valued at $50,000 after acquiring an additional 1,256 shares in the last quarter. National Bank of Canada FI increased its stake in shares of News by 708.7% during the fourth quarter. National Bank of Canada FI now owns 3,437 shares of the company’s stock valued at $63,000 after acquiring an additional 3,012 shares during the period. Fifth Third Bancorp raised its holdings in News by 51.2% during the fourth quarter. Fifth Third Bancorp now owns 4,902 shares of the company’s stock worth $90,000 after purchasing an additional 1,659 shares in the last quarter. Finally, DC Investments Management LLC acquired a new stake in News in the first quarter worth approximately $114,000. 11.38% of the stock is currently owned by institutional investors and hedge funds.
News Stock Up 0.7 %
NWS opened at $19.01 on Friday. The stock’s fifty day moving average is $17.73 and its 200-day moving average is $18.27. News Co. has a one year low of $15.15 and a one year high of $21.86. The company has a market capitalization of $10.90 billion, a PE ratio of 40.45 and a beta of 1.35. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.26.
News Corp. is a media and information services company, which engages in the creation and distribution of content and other services. It operates through the following segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other. The Digital Real Estate Services segment refers to the firm’s interest in the REA Group, a company with operations focused on property and property-related advertising and services, as well as financial services.
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