Quantinno Capital Management LP grew its position in News Co. (NASDAQ:NWSA – Free Report) by 56.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,436 shares of the company’s stock after purchasing an additional 11,399 shares during the period. Quantinno Capital Management LP’s holdings in News were worth $543,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Daiwa Securities Group Inc. increased its holdings in News by 2.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 27,451 shares of the company’s stock valued at $474,000 after purchasing an additional 753 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of News by 6.0% in the 4th quarter. Toronto Dominion Bank now owns 193,465 shares of the company’s stock worth $3,519,000 after purchasing an additional 10,964 shares during the last quarter. Barclays PLC lifted its holdings in News by 48.5% during the fourth quarter. Barclays PLC now owns 572,373 shares of the company’s stock worth $10,418,000 after acquiring an additional 186,878 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in News by 9.8% during the first quarter. Mackenzie Financial Corp now owns 292,211 shares of the company’s stock worth $5,046,000 after acquiring an additional 26,076 shares in the last quarter. Finally, Prudential PLC lifted its holdings in News by 64.4% during the fourth quarter. Prudential PLC now owns 17,866 shares of the company’s stock worth $325,000 after acquiring an additional 7,000 shares in the last quarter. Institutional investors own 66.31% of the company’s stock.
News Stock Performance
NWSA opened at $19.82 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.15. News Co. has a 1 year low of $14.87 and a 1 year high of $21.69. The business has a fifty day simple moving average of $19.29 and a 200 day simple moving average of $18.40. The company has a market capitalization of $11.37 billion, a PE ratio of 42.17 and a beta of 1.31.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on News in a research report on Thursday, May 18th. They issued a “hold” rating on the stock.
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.
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