HighTower Advisors LLC Sells 50,628 Shares of News Co. (NASDAQ:NWS)

HighTower Advisors LLC reduced its stake in News Co. (NASDAQ:NWSFree Report) by 68.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,029 shares of the company’s stock after selling 50,628 shares during the period. HighTower Advisors LLC’s holdings in News were worth $638,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of NWS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in News by 27.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 199,773 shares of the company’s stock worth $5,584,000 after buying an additional 43,107 shares during the last quarter. Glenmede Trust Co. NA grew its position in News by 27.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,520 shares of the company’s stock worth $98,000 after acquiring an additional 763 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in News by 11.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 250,582 shares of the company’s stock valued at $7,004,000 after purchasing an additional 26,044 shares in the last quarter. FMR LLC raised its position in News by 362.3% in the 3rd quarter. FMR LLC now owns 94,940 shares of the company’s stock valued at $2,654,000 after purchasing an additional 74,405 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in News by 4.6% in the third quarter. Daiwa Securities Group Inc. now owns 7,986 shares of the company’s stock worth $223,000 after purchasing an additional 348 shares in the last quarter. 14.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Analysis on News

News Stock Down 0.5 %

Shares of NWS opened at $30.46 on Friday. The firm has a market capitalization of $17.32 billion, a price-to-earnings ratio of 49.13 and a beta of 1.38. News Co. has a 52 week low of $23.99 and a 52 week high of $32.87. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38. The business’s fifty day moving average price is $30.55 and its two-hundred day moving average price is $28.96.

News Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for News (NASDAQ:NWS)

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