News Co. (NASDAQ:NWS) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its stake in News Co. (NASDAQ:NWS) by 1.5% during the third quarter, HoldingsChannel.com reports. The fund owned 43,636 shares of the company’s stock after buying an additional 641 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in News were worth $1,220,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of NWS. Redwood Investment Management LLC acquired a new stake in News during the first quarter valued at $636,000. SG Americas Securities LLC lifted its holdings in shares of News by 172.2% during the 2nd quarter. SG Americas Securities LLC now owns 118,499 shares of the company’s stock valued at $3,364,000 after buying an additional 74,968 shares during the last quarter. Blue Trust Inc. grew its stake in shares of News by 253.3% in the 3rd quarter. Blue Trust Inc. now owns 2,021 shares of the company’s stock valued at $57,000 after buying an additional 1,449 shares in the last quarter. Natixis acquired a new position in News in the first quarter worth approximately $554,000. Finally, Quest Partners LLC raised its position in News by 273.5% during the second quarter. Quest Partners LLC now owns 57,143 shares of the company’s stock valued at $1,622,000 after acquiring an additional 41,845 shares in the last quarter. 14.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

News Trading Up 1.0 %

Shares of NASDAQ:NWS opened at $31.78 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38. The stock’s 50-day moving average is $28.65 and its 200-day moving average is $28.19. The company has a market cap of $18.07 billion, a P/E ratio of 51.26 and a beta of 1.36. News Co. has a 52-week low of $21.84 and a 52-week 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.