Park Avenue Securities LLC lessened its stake in News Co. (NASDAQ:NWSA – Free Report) by 9.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,938 shares of the company’s stock after selling 2,551 shares during the period. Park Avenue Securities LLC’s holdings in News were worth $627,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of NWSA. Lindbrook Capital LLC grew its stake in shares of News by 153.1% in the 4th quarter. Lindbrook Capital LLC now owns 1,635 shares of the company’s stock worth $40,000 after purchasing an additional 989 shares during the last quarter. Principal Securities Inc. bought a new position in shares of News in the fourth quarter valued at $45,000. Financial Management Professionals Inc. bought a new stake in shares of News during the 4th quarter worth $49,000. Blue Trust Inc. grew its holdings in shares of News by 65.1% in the 4th quarter. Blue Trust Inc. now owns 2,655 shares of the company’s stock worth $65,000 after acquiring an additional 1,047 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of News by 120.5% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,897 shares of the company’s stock worth $71,000 after purchasing an additional 1,583 shares during the period. Institutional investors and hedge funds own 66.97% of the company’s stock.
News Stock Down 0.6 %
Shares of NASDAQ:NWSA opened at $27.69 on Friday. News Co. has a 52 week low of $18.98 and a 52 week high of $28.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.25 and a current ratio of 1.36. The company has a market cap of $15.78 billion, a PE ratio of 76.92 and a beta of 1.37. The firm has a 50 day simple moving average of $26.07 and a 200 day simple moving average of $25.39.
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 in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.
See Also
- Five stocks we like better than News
- Manufacturing Stocks Investing
- BlackBerry Stock: Strong Earnings, Profitability Challenges Ahead
- What are earnings reports?
- Progress Software Stock Back in the Green After Beating Forecasts
- How Technical Indicators Can Help You Find Oversold StocksĀ
- Goldman Sachs Raises Stock Target for Affirm: Key Insights
Want to see what other hedge funds are holding NWSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for News Co. (NASDAQ:NWSA – Free Report).
Receive News & Ratings for News Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for News and related companies with MarketBeat.com's FREE daily email newsletter.