News Co. (NASDAQ:NWS) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its holdings in shares of News Co. (NASDAQ:NWS) by 9.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,465 shares of the company’s stock after selling 1,128 shares during the period. Victory Capital Management Inc.’s holdings in News were worth $320,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Dorsey Wright & Associates increased its position in News by 0.4% during the 2nd quarter. Dorsey Wright & Associates now owns 108,906 shares of the company’s stock worth $3,092,000 after purchasing an additional 409 shares during the period. QRG Capital Management Inc. boosted its stake in shares of News by 1.4% during the 2nd quarter. QRG Capital Management Inc. now owns 35,065 shares of the company’s stock worth $995,000 after acquiring an additional 486 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of News by 8.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 7,638 shares of the company’s stock worth $217,000 after acquiring an additional 612 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of News by 11.7% during the 3rd quarter. GAMMA Investing LLC now owns 6,061 shares of the company’s stock worth $169,000 after acquiring an additional 634 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of News by 1.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 43,636 shares of the company’s stock worth $1,220,000 after acquiring an additional 641 shares in the last quarter. Institutional investors and hedge funds own 14.63% of the company’s stock.

Analysts Set New Price Targets

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

News Price Performance

Shares of NASDAQ:NWS opened at $32.09 on Friday. The business’s 50 day simple moving average is $29.37 and its 200-day simple moving average is $28.51. The firm has a market capitalization of $18.25 billion, a price-to-earnings ratio of 51.76 and a beta of 1.36. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26. News Co. has a 12 month low of $22.21 and a 12 month high of $32.75.

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.