Bank of Nova Scotia Sells 7,574 Shares of News Co. (NASDAQ:NWS)

Bank of Nova Scotia lessened its stake in News Co. (NASDAQ:NWSGet Rating) by 37.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,864 shares of the company’s stock after selling 7,574 shares during the period. Bank of Nova Scotia’s holdings in News were worth $204,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. State of Michigan Retirement System grew its position in shares of News by 6.2% in the 2nd quarter. State of Michigan Retirement System now owns 32,445 shares of the company’s stock valued at $516,000 after buying an additional 1,900 shares during the last quarter. ING Groep NV boosted its position in shares of News by 17.9% during the 2nd quarter. ING Groep NV now owns 22,645 shares of the company’s stock valued at $360,000 after purchasing an additional 3,436 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of News by 16.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 18,786 shares of the company’s stock valued at $299,000 after purchasing an additional 2,692 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new stake in shares of News during the 2nd quarter valued at about $483,000. Finally, Pinebridge Investments L.P. boosted its position in shares of News by 643.7% during the 2nd quarter. Pinebridge Investments L.P. now owns 160,870 shares of the company’s stock valued at $2,556,000 after purchasing an additional 139,238 shares in the last quarter. Institutional investors own 11.43% of the company’s stock.

News Stock Down 2.5 %

Shares of News stock opened at $17.72 on Tuesday. News Co. has a one year low of $15.15 and a one year high of $24.16. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.25 and a quick ratio of 1.12. The stock’s 50-day moving average is $16.76 and its 200 day moving average is $16.99. The firm has a market cap of $10.20 billion, a price-to-earnings ratio of 22.15 and a beta of 1.32.

About News

(Get Rating)

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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Institutional Ownership by Quarter for News (NASDAQ:NWS)

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