CIBC Asset Management Inc Purchases 1,165 Shares of News Co. (NASDAQ:NWS)

CIBC Asset Management Inc increased its holdings in shares of News Co. (NASDAQ:NWS) by 6.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 18,780 shares of the company’s stock after purchasing an additional 1,165 shares during the period. CIBC Asset Management Inc’s holdings in News were worth $525,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of News during the second quarter worth approximately $22,415,000. International Assets Investment Management LLC raised its stake in News by 3,314.8% during the 3rd quarter. International Assets Investment Management LLC now owns 116,718 shares of the company’s stock valued at $3,262,000 after purchasing an additional 113,300 shares during the last quarter. Metropolis Capital Ltd boosted its holdings in News by 13.2% in the 2nd quarter. Metropolis Capital Ltd now owns 842,235 shares of the company’s stock valued at $23,911,000 after purchasing an additional 98,172 shares during the period. SG Americas Securities LLC grew its position in News by 172.2% in the 2nd quarter. SG Americas Securities LLC now owns 118,499 shares of the company’s stock worth $3,364,000 after purchasing an additional 74,968 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of News by 79.0% during the 2nd quarter. Millennium Management LLC now owns 149,036 shares of the company’s stock worth $4,231,000 after purchasing an additional 65,774 shares during the period. Institutional investors own 14.63% of the company’s stock.

Analyst Upgrades and Downgrades

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

News Stock Performance

NWS opened at $31.69 on Thursday. The stock’s 50 day simple moving average is $28.75 and its 200-day simple moving average is $28.22. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. The stock has a market cap of $18.02 billion, a PE ratio of 51.11 and a beta of 1.36. News Co. has a 1 year low of $21.99 and a 1 year high of $32.75.

News 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.