UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 43,107 Shares of News Co. (NASDAQ:NWS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in News Co. (NASDAQ:NWS) by 27.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 199,773 shares of the company’s stock after purchasing an additional 43,107 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in News were worth $5,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Metropolis Capital Ltd grew its stake in News by 10.5% during the third quarter. Metropolis Capital Ltd now owns 930,950 shares of the company’s stock valued at $26,020,000 after acquiring an additional 88,715 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in News during the second quarter valued at $22,415,000. BNP Paribas Financial Markets grew its stake in News by 11.6% during the third quarter. BNP Paribas Financial Markets now owns 250,582 shares of the company’s stock valued at $7,004,000 after acquiring an additional 26,044 shares in the last quarter. Hsbc Holdings PLC grew its stake in News by 7.4% during the second quarter. Hsbc Holdings PLC now owns 215,462 shares of the company’s stock valued at $6,131,000 after acquiring an additional 14,791 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in News by 24.9% during the second quarter. Renaissance Technologies LLC now owns 186,630 shares of the company’s stock valued at $5,298,000 after acquiring an additional 37,220 shares in the last quarter. 14.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

News Stock Performance

Shares of NASDAQ:NWS opened at $32.19 on Wednesday. News Co. has a 52 week low of $22.84 and a 52 week high of $32.87. The stock has a market capitalization of $18.31 billion, a P/E ratio of 51.92 and a beta of 1.38. The firm has a fifty day simple moving average of $30.00 and a two-hundred day simple moving average of $28.80. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30.

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.