News Co. (NASDAQ:NWS) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in News Co. (NASDAQ:NWS) by 15.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 28,608 shares of the company’s stock after acquiring an additional 3,916 shares during the quarter. Quantinno Capital Management LP’s holdings in News were worth $800,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. boosted its position in shares of News by 253.3% during the third quarter. Blue Trust Inc. now owns 2,021 shares of the company’s stock worth $57,000 after buying an additional 1,449 shares during the period. ORG Wealth Partners LLC purchased a new position in News during the 3rd quarter valued at about $80,000. ORG Partners LLC acquired a new position in News in the 2nd quarter valued at about $81,000. Point72 DIFC Ltd purchased a new stake in News during the third quarter worth about $86,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of News during the second quarter worth about $97,000. Hedge funds and other institutional investors own 14.63% of the company’s stock.

News Stock Down 1.3 %

Shares of NASDAQ NWS opened at $31.43 on Friday. The stock has a market cap of $17.87 billion, a P/E ratio of 50.69 and a beta of 1.38. The business’s fifty day simple moving average is $30.26 and its 200-day simple moving average is $28.87. News Co. has a 12-month low of $23.97 and a 12-month high of $32.87. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30.

Wall Street Analyst Weigh In

Separately, Loop Capital raised shares of News to a “strong-buy” rating in a research note on Tuesday, September 10th.

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 through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.