Bellwether Advisors LLC Invests $1.15 Million in News Co. (NASDAQ:NWS)

Bellwether Advisors LLC bought a new stake in News Co. (NASDAQ:NWS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 40,959 shares of the company’s stock, valued at approximately $1,145,000.

Several other institutional investors and hedge funds have also made changes to their positions in NWS. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of News during the third quarter worth about $661,000. Strategy Asset Managers LLC purchased a new position in shares of News during the 3rd quarter worth $657,000. PNC Financial Services Group Inc. boosted its holdings in shares of News by 22.6% during the third quarter. PNC Financial Services Group Inc. now owns 38,756 shares of the company’s stock worth $1,083,000 after purchasing an additional 7,139 shares during the last quarter. LMR Partners LLP boosted its stake in News by 643.6% in the 3rd quarter. LMR Partners LLP now owns 7,838 shares of the company’s stock worth $219,000 after buying an additional 6,784 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in News by 6.6% in the 3rd quarter. CIBC Asset Management Inc now owns 18,780 shares of the company’s stock valued at $525,000 after buying an additional 1,165 shares during the period. 14.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

News Stock Up 1.0 %

Shares of NASDAQ NWS opened at $31.78 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $18.07 billion, a PE ratio of 51.26 and a beta of 1.36. The firm has a fifty day moving average of $28.65 and a 200-day moving average of $28.19. 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.