Chevy Chase Trust Holdings LLC lessened its stake in News Co. (NASDAQ:NWS – Free Report) by 1.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 63,516 shares of the company’s stock after selling 617 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in News were worth $1,719,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of NWS. Headlands Technologies LLC purchased a new position in shares of News in the 4th quarter valued at about $27,000. Fidelis Capital Partners LLC purchased a new position in shares of News in the 1st quarter valued at about $65,000. GAMMA Investing LLC purchased a new position in shares of News in the 4th quarter valued at about $73,000. Mather Group LLC. purchased a new position in shares of News in the 1st quarter valued at about $148,000. Finally, TFO Wealth Partners LLC increased its stake in shares of News by 101,516.7% in the 4th quarter. TFO Wealth Partners LLC now owns 6,097 shares of the company’s stock valued at $154,000 after purchasing an additional 6,091 shares in the last quarter. Institutional investors and hedge funds own 14.63% of the company’s stock.
News Price Performance
Shares of News stock opened at $28.64 on Friday. News Co. has a twelve month low of $19.36 and a twelve month high of $28.92. The business has a 50-day moving average price of $27.52 and a 200 day moving average price of $26.61. The company has a quick ratio of 1.25, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. The firm has a market cap of $16.32 billion, a PE ratio of 79.56 and a beta of 1.35.
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 in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.
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