Magnetar Financial LLC purchased a new position in shares of News Co. (NASDAQ:NWSA – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 53,201 shares of the company’s stock, valued at approximately $1,393,000.
Several other institutional investors have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. acquired a new position in shares of News during the 4th quarter worth approximately $1,719,000. Assenagon Asset Management S.A. acquired a new position in shares of News during the 4th quarter worth approximately $314,000. Blue Trust Inc. raised its position in shares of News by 65.1% during the 4th quarter. Blue Trust Inc. now owns 2,655 shares of the company’s stock worth $65,000 after purchasing an additional 1,047 shares during the last quarter. Arizona State Retirement System raised its position in shares of News by 0.8% during the 4th quarter. Arizona State Retirement System now owns 104,777 shares of the company’s stock worth $2,572,000 after purchasing an additional 846 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of News by 2,365.7% during the 4th quarter. International Assets Investment Management LLC now owns 23,252 shares of the company’s stock worth $571,000 after purchasing an additional 22,309 shares during the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.
News Price Performance
Shares of News stock traded up $0.34 during trading on Friday, hitting $27.49. 2,204,904 shares of the company were exchanged, compared to its average volume of 2,488,896. The company has a quick ratio of 1.25, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. News Co. has a fifty-two week low of $19.20 and a fifty-two week high of $28.62. The stock has a market capitalization of $15.67 billion, a price-to-earnings ratio of 76.36 and a beta of 1.33. The firm has a 50 day moving average price of $27.31 and a 200 day moving average price of $25.95.
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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