Bank of New York Mellon Corp trimmed its stake in shares of News Co. (NASDAQ:NWS – Free Report) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 697,127 shares of the company’s stock after selling 11,587 shares during the quarter. Bank of New York Mellon Corp owned about 0.12% of News worth $13,747,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in NWS. Nisa Investment Advisors LLC grew its stake in shares of News by 202.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,610 shares of the company’s stock worth $28,000 after purchasing an additional 1,078 shares during the last quarter. UBS Group AG grew its stake in shares of News by 128.8% in the 1st quarter. UBS Group AG now owns 2,231 shares of the company’s stock worth $50,000 after purchasing an additional 1,256 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of News by 40.6% in the 2nd 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 last quarter. Harvest Fund Management Co. Ltd grew its stake in shares of News by 924.4% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 3,575 shares of the company’s stock worth $70,000 after purchasing an additional 3,226 shares during the last quarter. Finally, CWM LLC grew its stake in shares of News by 18.6% in the 1st quarter. CWM LLC now owns 4,530 shares of the company’s stock worth $79,000 after purchasing an additional 711 shares during the last quarter. 13.46% of the stock is currently owned by institutional investors.
News Stock Performance
News stock opened at $21.89 on Thursday. The firm’s 50 day simple moving average is $21.41 and its 200-day simple moving average is $20.29. The company has a market cap of $12.51 billion, a P/E ratio of 87.56 and a beta of 1.37. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.31 and a quick ratio of 1.18. News Co. has a fifty-two week low of $15.73 and a fifty-two week high of $23.17.
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.
See Also
- Five stocks we like better than News
- The How And Why of Investing in Oil Stocks
- 3 value stocks you shouldn’t let go of this quarter
- What Are Dividend Champions? How to Invest in the Champions
- 5 must-have next-gen technologies that institutions are buying
- What is the NASDAQ Stock Exchange?
- 3 intriguing late-week earnings plays for short-term traders
Receive News & Ratings for News Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for News and related companies with MarketBeat.com's FREE daily email newsletter.