News Co. (NASDAQ:NWS) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its stake in shares of News Co. (NASDAQ:NWS) by 4.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,986 shares of the company’s stock after purchasing an additional 348 shares during the quarter. Daiwa Securities Group Inc.’s holdings in News were worth $223,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of News by 253.3% during the third quarter. Blue Trust Inc. now owns 2,021 shares of the company’s stock worth $57,000 after purchasing an additional 1,449 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in News in the 3rd quarter worth about $80,000. ORG Partners LLC purchased a new stake in News in the 2nd quarter valued at about $81,000. International Assets Investment Management LLC purchased a new position in shares of News during the 2nd quarter worth about $97,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of News by 218.4% in the third quarter. Nisa Investment Advisors LLC now owns 5,445 shares of the company’s stock worth $153,000 after acquiring an additional 3,735 shares during the last quarter. Institutional investors and hedge funds own 14.63% of the company’s stock.

Analyst Upgrades and Downgrades

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

News Trading Up 1.2 %

Shares of NWS opened at $32.09 on Monday. The stock’s fifty day simple moving average is $29.37 and its 200 day simple moving average is $28.54. News Co. has a twelve month low of $22.21 and a twelve month high of $32.75. 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 firm has a market capitalization of $18.25 billion, a P/E ratio of 51.76 and a beta of 1.36.

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.