Exchange Traded Concepts LLC Has $119,000 Stock Holdings in News Co. (NASDAQ:NWS)

Exchange Traded Concepts LLC decreased its stake in News Co. (NASDAQ:NWS) by 11.9% in the fourth quarter, HoldingsChannel reports. The firm owned 3,900 shares of the company’s stock after selling 526 shares during the period. Exchange Traded Concepts LLC’s holdings in News were worth $119,000 at the end of the most recent quarter.

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

News Stock Performance

Shares of News stock opened at $31.65 on Friday. News Co. has a 12 month low of $23.99 and a 12 month high of $32.87. 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 cap of $18.00 billion, a PE ratio of 51.05 and a beta of 1.38. The business has a fifty day simple moving average of $31.22 and a 200-day simple moving average of $29.53.

News (NASDAQ:NWS) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.21 earnings per share (EPS) for the quarter. News had a net margin of 3.49% and a return on equity of 4.76%. The business had revenue of $2.58 billion during the quarter.

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.