State Board of Administration of Florida Retirement System bought a new stake in News Co. (NASDAQ:NWS – Get Rating) in the 2nd quarter, HoldingsChannel reports. The firm bought 30,423 shares of the company’s stock, valued at approximately $483,000.
Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in News by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 5,194,590 shares of the company’s stock valued at $116,983,000 after buying an additional 35,757 shares in the last quarter. Metropolis Capital Ltd grew its holdings in News by 70.7% in the 2nd quarter. Metropolis Capital Ltd now owns 3,743,924 shares of the company’s stock valued at $59,491,000 after buying an additional 1,551,250 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of News by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,698,222 shares of the company’s stock worth $60,773,000 after purchasing an additional 67,899 shares during the period. Invesco Ltd. grew its holdings in shares of News by 7.0% during the 1st quarter. Invesco Ltd. now owns 1,413,148 shares of the company’s stock worth $31,825,000 after purchasing an additional 92,979 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of News by 2.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 876,292 shares of the company’s stock worth $19,735,000 after purchasing an additional 20,832 shares during the period. 11.43% of the stock is currently owned by hedge funds and other institutional investors.
News Stock Performance
NASDAQ NWS opened at $18.17 on Friday. The stock has a market cap of $10.46 billion, a PE ratio of 22.71 and a beta of 1.32. The company has a current ratio of 1.25, a quick ratio of 1.12 and a debt-to-equity ratio of 0.34. News Co. has a twelve month low of $15.15 and a twelve month high of $24.16. The stock has a fifty day simple moving average of $16.77 and a 200-day simple moving average of $17.03.
News Company 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.
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