GAMMA Investing LLC Grows Position in News Co. (NASDAQ:NWS)

GAMMA Investing LLC lifted its holdings in shares of News Co. (NASDAQ:NWS) by 28.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,790 shares of the company’s stock after purchasing an additional 1,729 shares during the quarter. GAMMA Investing LLC’s holdings in News were worth $237,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NWS. Blue Trust Inc. grew its stake in News by 253.3% in the 3rd quarter. Blue Trust Inc. now owns 2,021 shares of the company’s stock worth $57,000 after buying an additional 1,449 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in News in the third quarter worth $80,000. Point72 DIFC Ltd bought a new position in News in the third quarter valued at $86,000. Glenmede Trust Co. NA raised its position in News by 27.7% during the third quarter. Glenmede Trust Co. NA now owns 3,520 shares of the company’s stock valued at $98,000 after purchasing an additional 763 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in News by 218.4% during the third quarter. Nisa Investment Advisors LLC now owns 5,445 shares of the company’s stock worth $153,000 after purchasing an additional 3,735 shares during the last quarter. 14.63% of the stock is currently owned by institutional investors.

News Trading Up 0.6 %

Shares of NWS opened at $30.46 on Wednesday. News Co. has a fifty-two week low of $23.99 and a fifty-two week high of $32.87. The firm has a market cap of $17.32 billion, a price-to-earnings ratio of 49.13 and a beta of 1.38. The firm has a 50 day moving average price of $31.27 and a 200-day moving average price of $29.23. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38.

Wall Street Analyst Weigh In

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

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.