Mutual of America Capital Management LLC Has $386,000 Position in News Co. (NASDAQ:NWS)

Mutual of America Capital Management LLC decreased its position in shares of News Co. (NASDAQ:NWS) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,821 shares of the company’s stock after selling 607 shares during the quarter. Mutual of America Capital Management LLC’s holdings in News were worth $386,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its holdings in shares of News by 172.2% in the 2nd quarter. SG Americas Securities LLC now owns 118,499 shares of the company’s stock valued at $3,364,000 after buying an additional 74,968 shares during the period. Blue Trust Inc. increased 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 acquiring an additional 1,449 shares in the last quarter. Quest Partners LLC lifted its holdings in shares of News by 273.5% in the second quarter. Quest Partners LLC now owns 57,143 shares of the company’s stock valued at $1,622,000 after purchasing an additional 41,845 shares in the last quarter. XY Capital Ltd boosted its position in shares of News by 579.0% during the third quarter. XY Capital Ltd now owns 59,764 shares of the company’s stock worth $1,670,000 after buying an additional 50,962 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in shares of News by 3,314.8% in the third quarter. International Assets Investment Management LLC now owns 116,718 shares of the company’s stock valued at $3,262,000 after purchasing an additional 113,300 shares during the last quarter. 14.63% of the stock is currently owned by institutional investors and hedge funds.

News Price Performance

Shares of News stock opened at $31.72 on Thursday. The stock has a market capitalization of $18.04 billion, a price-to-earnings ratio of 51.63 and a beta of 1.36. News Co. has a twelve month low of $22.21 and a twelve month high of $32.75. 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 company has a 50-day simple moving average of $29.12 and a two-hundred day simple moving average of $28.42.

Wall Street Analysts Forecast Growth

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

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.