Amalgamated Bank Has $620,000 Stock Holdings in News Co. (NASDAQ:NWS)

Amalgamated Bank decreased its holdings in shares of News Co. (NASDAQ:NWS) by 5.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,182 shares of the company’s stock after selling 1,249 shares during the period. Amalgamated Bank’s holdings in News were worth $620,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Covestor Ltd raised its holdings in shares of News by 69.9% in the first 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 last quarter. Blue Trust Inc. grew its position in 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 during the period. iA Global Asset Management Inc. bought a new position in News during the first quarter valued at about $76,000. ORG Wealth Partners LLC bought a new position in News during the third quarter valued at about $80,000. Finally, ORG Partners LLC bought a new position in News during the second quarter valued at about $81,000. Institutional investors and hedge funds own 14.63% of the company’s stock.

Wall Street Analysts Forecast Growth

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

News Price Performance

Shares of NASDAQ:NWS opened at $31.69 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $18.02 billion, a PE ratio of 51.11 and a beta of 1.36. News Co. has a twelve month low of $21.75 and a twelve month high of $32.75. The company has a 50-day moving average price of $28.49 and a two-hundred day moving average price of $28.05.

About News

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.