Stifel Financial Corp Purchases 479 Shares of News Co. (NASDAQ:NWS)

Stifel Financial Corp boosted its position in shares of News Co. (NASDAQ:NWS) by 1.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,063 shares of the company’s stock after purchasing an additional 479 shares during the period. Stifel Financial Corp’s holdings in News were worth $756,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Metropolis Capital Ltd boosted its stake in News by 10.5% in the third quarter. Metropolis Capital Ltd now owns 930,950 shares of the company’s stock valued at $26,020,000 after acquiring an additional 88,715 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of News in the 2nd quarter worth $22,415,000. BNP Paribas Financial Markets grew its stake in shares of News by 11.6% during the third quarter. BNP Paribas Financial Markets now owns 250,582 shares of the company’s stock worth $7,004,000 after purchasing an additional 26,044 shares during the period. Hsbc Holdings PLC increased its holdings in News by 7.4% in the second quarter. Hsbc Holdings PLC now owns 215,462 shares of the company’s stock valued at $6,131,000 after purchasing an additional 14,791 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in News by 27.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 199,773 shares of the company’s stock valued at $5,584,000 after buying an additional 43,107 shares during the period. 14.63% of the stock is currently owned by institutional investors and hedge funds.

News Price Performance

NWS stock opened at $31.30 on Wednesday. The stock has a market cap of $17.80 billion, a PE ratio of 50.48 and a beta of 1.38. The stock has a 50-day moving average price of $30.68 and a two-hundred day moving average price of $29.01. News Co. has a 1 year low of $23.99 and a 1 year high of $32.87. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30.

Analyst Ratings Changes

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

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.