Atria Investments Inc Buys 4,078 Shares of News Co. (NASDAQ:NWS)

Atria Investments Inc boosted its stake in News Co. (NASDAQ:NWS) by 27.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,818 shares of the company’s stock after purchasing an additional 4,078 shares during the period. Atria Investments Inc’s holdings in News were worth $526,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Covestor Ltd lifted its stake in News by 69.9% in the 1st quarter. Covestor Ltd now owns 1,201 shares of the company’s stock valued at $33,000 after purchasing an additional 494 shares during the last quarter. Blue Trust Inc. lifted its stake in News by 253.3% in the 3rd quarter. Blue Trust Inc. now owns 2,021 shares of the company’s stock valued at $57,000 after purchasing an additional 1,449 shares during the last quarter. iA Global Asset Management Inc. bought a new position in News in the 1st quarter valued at approximately $76,000. ORG Partners LLC acquired a new position in News in the 2nd quarter valued at approximately $81,000. Finally, ORG Wealth Partners LLC acquired a new position in News in the 3rd quarter valued at approximately $80,000. Institutional investors own 14.63% of the company’s stock.

News Trading Up 1.0 %

Shares of NASDAQ NWS opened at $31.78 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38. News Co. has a 52-week low of $21.84 and a 52-week high of $32.75. The firm has a 50 day moving average price of $28.65 and a two-hundred day moving average price of $28.19. The stock has a market cap of $18.07 billion, a P/E ratio of 51.26 and a beta of 1.36.

Analyst Ratings Changes

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

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.