News Co. (NASDAQ:NWS) Stake Boosted by MML Investors Services LLC

MML Investors Services LLC raised its position in News Co. (NASDAQ:NWS) by 37.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,687 shares of the company’s stock after purchasing an additional 2,633 shares during the quarter. MML Investors Services LLC’s holdings in News were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in NWS. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of News during the 2nd quarter valued at $22,415,000. State Street Corp boosted its position in shares of News by 4.4% in the 3rd quarter. State Street Corp now owns 7,069,813 shares of the company’s stock valued at $198,254,000 after purchasing an additional 295,631 shares during the period. International Assets Investment Management LLC increased its stake in News by 3,314.8% in the 3rd quarter. International Assets Investment Management LLC now owns 116,718 shares of the company’s stock worth $3,262,000 after purchasing an additional 113,300 shares in the last quarter. Metropolis Capital Ltd raised its holdings in News by 10.5% during the 3rd quarter. Metropolis Capital Ltd now owns 930,950 shares of the company’s stock worth $26,020,000 after buying an additional 88,715 shares during the period. Finally, FMR LLC boosted its holdings in shares of News by 362.3% in the third quarter. FMR LLC now owns 94,940 shares of the company’s stock worth $2,654,000 after buying an additional 74,405 shares during the period. 14.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

News Price Performance

NWS opened at $31.30 on Thursday. News Co. has a 12-month low of $23.99 and a 12-month high of $32.87. 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 $17.80 billion, a P/E ratio of 50.48 and a beta of 1.38. The stock has a fifty day moving average of $30.75 and a 200-day moving average of $29.04.

News 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.