National Bank of Canada FI Boosts Stock Position in News Co. (NASDAQ:NWS)

National Bank of Canada FI lifted its position in News Co. (NASDAQ:NWS) by 82.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,255 shares of the company’s stock after purchasing an additional 25,927 shares during the quarter. National Bank of Canada FI’s holdings in News were worth $1,600,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Partners LLC acquired a new stake in shares of News during the 2nd quarter worth approximately $81,000. Metropolis Capital Ltd increased its holdings in News by 13.2% in the second quarter. Metropolis Capital Ltd now owns 842,235 shares of the company’s stock valued at $23,911,000 after buying an additional 98,172 shares in the last quarter. Wealth Advisory Solutions LLC acquired a new position in shares of News in the second quarter worth about $202,000. International Assets Investment Management LLC purchased a new stake in shares of News during the 2nd quarter worth about $97,000. Finally, CIBC Asset Management Inc grew its position in shares of News by 9.3% during the 2nd quarter. CIBC Asset Management Inc now owns 17,615 shares of the company’s stock valued at $500,000 after acquiring an additional 1,495 shares during the period. Institutional investors and hedge funds own 14.63% of the company’s stock.

News Trading Down 1.3 %

Shares of News stock opened at $31.43 on Friday. News Co. has a twelve month low of $23.97 and a twelve month high of $32.87. The firm’s 50-day moving average price is $30.26 and its 200 day moving average price is $28.87. 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 firm has a market capitalization of $17.87 billion, a PE ratio of 50.69 and a beta of 1.38.

Analyst Ratings Changes

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

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