JPMorgan Chase & Co. Raises Position in News Co. (NASDAQ:NWS)

JPMorgan Chase & Co. increased its position in shares of News Co. (NASDAQ:NWS) by 101.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 496,926 shares of the company’s stock after purchasing an additional 249,659 shares during the period. JPMorgan Chase & Co. owned approximately 0.09% of News worth $13,889,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NWS. TD Asset Management Inc boosted its position in shares of News by 7.0% during the 2nd quarter. TD Asset Management Inc now owns 22,310 shares of the company’s stock worth $633,000 after purchasing an additional 1,463 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in News by 10.0% during the second quarter. Victory Capital Management Inc. now owns 12,593 shares of the company’s stock worth $358,000 after buying an additional 1,149 shares in the last quarter. Daiwa Securities Group Inc. grew its position in News by 8.7% during the second quarter. Daiwa Securities Group Inc. now owns 7,638 shares of the company’s stock worth $217,000 after buying an additional 612 shares during the period. American Century Companies Inc. increased its holdings in News by 4.1% in the second quarter. American Century Companies Inc. now owns 28,055 shares of the company’s stock valued at $796,000 after buying an additional 1,098 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of News by 24.9% during the 2nd 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 during the period. Institutional investors and hedge funds own 14.63% of the company’s stock.

News Stock Performance

NWS opened at $29.89 on Friday. The stock’s 50 day simple moving average is $31.34 and its 200 day simple moving average is $29.26. The stock has a market cap of $17.00 billion, a P/E ratio of 48.21 and a beta of 1.38. News Co. has a 1-year low of $23.99 and a 1-year high of $32.87. 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 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.