Securian Asset Management Inc. Decreases Stock Position in News Co. (NASDAQ:NWS)

Securian Asset Management Inc. decreased its position in shares of News Co. (NASDAQ:NWS) by 12.1% in the 4th quarter, Holdings Channel reports. The fund owned 7,223 shares of the company’s stock after selling 991 shares during the quarter. Securian Asset Management Inc.’s holdings in News were worth $186,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in shares of News in the fourth quarter worth $27,000. V Square Quantitative Management LLC purchased a new position in News during the 3rd quarter valued at about $48,000. GAMMA Investing LLC bought a new stake in shares of News during the fourth quarter valued at about $73,000. Daiwa Securities Group Inc. lifted its holdings in shares of News by 147.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,755 shares of the company’s stock worth $174,000 after buying an additional 4,028 shares in the last quarter. Finally, Hartford Investment Management Co. bought a new position in shares of News in the fourth quarter valued at approximately $201,000. Hedge funds and other institutional investors own 14.63% of the company’s stock.

News Stock Performance

News stock opened at $26.69 on Friday. News Co. has a 1-year low of $18.19 and a 1-year high of $28.92. The company has a current ratio of 1.36, a quick ratio of 1.25 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $15.21 billion, a PE ratio of 74.14 and a beta of 1.37. The firm’s 50 day simple moving average is $26.00 and its 200 day simple moving average is $25.39.

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 in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.