Franklin Resources Inc. lifted its stake in News Co. (NASDAQ:NWS – Get Rating) by 409.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,474 shares of the company’s stock after purchasing an additional 21,277 shares during the quarter. Franklin Resources Inc.’s holdings in News were worth $488,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Captrust Financial Advisors lifted its position in News by 40.6% in the 2nd quarter. Captrust Financial Advisors now owns 2,378 shares of the company’s stock valued at $38,000 after acquiring an additional 687 shares in the last quarter. UBS Group AG raised its stake in News by 128.8% during the 1st quarter. UBS Group AG now owns 2,231 shares of the company’s stock valued at $50,000 after buying an additional 1,256 shares during the last quarter. National Bank of Canada FI raised its stake in News by 708.7% during the 4th quarter. National Bank of Canada FI now owns 3,437 shares of the company’s stock valued at $63,000 after buying an additional 3,012 shares during the last quarter. Fifth Third Bancorp raised its stake in News by 51.2% during the 4th quarter. Fifth Third Bancorp now owns 4,902 shares of the company’s stock valued at $90,000 after buying an additional 1,659 shares during the last quarter. Finally, DC Investments Management LLC purchased a new stake in shares of News in the 1st quarter worth $114,000. 11.38% of the stock is owned by institutional investors.
News Trading Up 2.3 %
NASDAQ:NWS opened at $19.55 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.15. The firm has a market capitalization of $11.21 billion, a price-to-earnings ratio of 41.60 and a beta of 1.35. News Co. has a one year low of $15.15 and a one year high of $21.86. The business has a fifty day moving average price of $17.87 and a 200-day moving average price of $18.29.
News Company Profile
News Corp. is a media and information services company, which engages in the creation and distribution of content and other services. It operates through the following segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other. The Digital Real Estate Services segment refers to the firm’s interest in the REA Group, a company with operations focused on property and property-related advertising and services, as well as financial services.