Victory Capital Management Inc. Trims Stake in News Co. (NASDAQ:NWS)

Victory Capital Management Inc. lowered its stake in News Co. (NASDAQ:NWS) by 9.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 11,465 shares of the company’s stock after selling 1,128 shares during the period. Victory Capital Management Inc.’s holdings in News were worth $320,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Metropolis Capital Ltd lifted its stake in News by 10.5% in the 3rd quarter. Metropolis Capital Ltd now owns 930,950 shares of the company’s stock valued at $26,020,000 after buying an additional 88,715 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in News in the 2nd quarter valued at approximately $22,415,000. Hsbc Holdings PLC lifted its stake in News by 7.4% in the 2nd quarter. Hsbc Holdings PLC now owns 215,462 shares of the company’s stock valued at $6,131,000 after buying an additional 14,791 shares in the last quarter. Renaissance Technologies LLC lifted its stake in News by 24.9% in the 2nd quarter. Renaissance Technologies LLC now owns 186,630 shares of the company’s stock valued at $5,298,000 after buying an additional 37,220 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in News by 79.0% in the 2nd quarter. Millennium Management LLC now owns 149,036 shares of the company’s stock valued at $4,231,000 after buying an additional 65,774 shares in the last quarter. Hedge funds and other institutional investors own 14.63% of the company’s stock.

Analyst Ratings Changes

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

News Trading Up 1.2 %

Shares of News stock opened at $32.09 on Friday. News Co. has a fifty-two week low of $22.21 and a fifty-two week high of $32.75. The firm has a market cap of $18.25 billion, a PE ratio of 51.76 and a beta of 1.36. The business’s fifty day moving average is $29.37 and its two-hundred day moving average is $28.51. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30.

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