GAMMA Investing LLC Purchases 1,729 Shares of News Co. (NASDAQ:NWS)

GAMMA Investing LLC grew its position in shares of News Co. (NASDAQ:NWS) by 28.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,790 shares of the company’s stock after buying an additional 1,729 shares during the period. GAMMA Investing LLC’s holdings in News were worth $237,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. increased its stake in shares of 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. Dorsey Wright & Associates grew its stake in News by 0.4% in the 2nd quarter. Dorsey Wright & Associates now owns 108,906 shares of the company’s stock valued at $3,092,000 after buying an additional 409 shares in the last quarter. Stifel Financial Corp raised its holdings in News by 1.8% during the 3rd quarter. Stifel Financial Corp now owns 27,063 shares of the company’s stock valued at $756,000 after acquiring an additional 479 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of News by 1.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 43,636 shares of the company’s stock worth $1,220,000 after acquiring an additional 641 shares during the period. Finally, Glenmede Trust Co. NA grew its position in shares of News by 27.7% in the third quarter. Glenmede Trust Co. NA now owns 3,520 shares of the company’s stock valued at $98,000 after purchasing an additional 763 shares in the last quarter. Hedge funds and other institutional investors own 14.63% of the company’s stock.

Wall Street Analysts Forecast Growth

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

News Price Performance

Shares of NASDAQ:NWS opened at $30.46 on Wednesday. The company has a 50 day moving average of $31.27 and a 200 day moving average of $29.23. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. The stock has a market cap of $17.32 billion, a P/E ratio of 49.13 and a beta of 1.38. News Co. has a 12 month low of $23.99 and a 12 month high of $32.87.

About News

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.