Strategy Asset Managers LLC Invests $657,000 in News Co. (NASDAQ:NWS)

Strategy Asset Managers LLC purchased a new position in News Co. (NASDAQ:NWS) during the third quarter, Holdings Channel.com reports. The firm purchased 23,502 shares of the company’s stock, valued at approximately $657,000.

A number of other institutional investors have also recently bought and sold shares of NWS. Covestor Ltd raised its stake in News by 69.9% during the 1st quarter. Covestor Ltd now owns 1,201 shares of the company’s stock valued at $33,000 after purchasing an additional 494 shares during the period. Blue Trust Inc. grew its holdings in shares of News by 253.3% during the third quarter. Blue Trust Inc. now owns 2,021 shares of the company’s stock valued at $57,000 after buying an additional 1,449 shares in the last quarter. iA Global Asset Management Inc. purchased a new stake in News in the 1st quarter worth about $76,000. ORG Partners LLC acquired a new stake in News during the 2nd quarter worth about $81,000. Finally, ORG Wealth Partners LLC purchased a new position in News during the 3rd quarter valued at about $80,000. Hedge funds and other institutional investors own 14.63% of the company’s stock.

News Price Performance

Shares of NASDAQ:NWS opened at $31.69 on Thursday. The firm has a market cap of $18.02 billion, a price-to-earnings ratio of 51.11 and a beta of 1.36. News Co. has a 1 year low of $21.99 and a 1 year high of $32.75. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. The business has a fifty day simple moving average of $28.75 and a 200 day simple moving average of $28.22.

Wall Street Analyst Weigh In

Separately, Loop Capital raised shares of News to a “strong-buy” rating in a research report 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.