Kentucky Retirement Systems Sells 802 Shares of News Co. (NASDAQ:NWS)

Kentucky Retirement Systems cut its stake in shares of News Co. (NASDAQ:NWS) by 9.3% during the 3rd quarter, Holdings Channel reports. The fund owned 7,820 shares of the company’s stock after selling 802 shares during the period. Kentucky Retirement Systems’ holdings in News were worth $219,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NWS. Covestor Ltd raised its holdings in News by 69.9% during the first quarter. Covestor Ltd now owns 1,201 shares of the company’s stock worth $33,000 after buying an additional 494 shares during the last quarter. Blue Trust Inc. raised its holdings in News by 253.3% during 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 last quarter. iA Global Asset Management Inc. purchased a new stake in shares of News in the first quarter valued at about $76,000. ORG Wealth Partners LLC bought a new position in shares of News during the third quarter valued at about $80,000. Finally, ORG Partners LLC purchased a new position in News during the second quarter worth about $81,000. Institutional investors and hedge funds own 14.63% of the company’s stock.

News Stock Performance

Shares of News stock opened at $31.78 on Wednesday. The business’s fifty day simple moving average is $28.65 and its 200 day simple moving average is $28.19. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. News Co. has a 12 month low of $21.84 and a 12 month high of $32.75. The firm has a market capitalization of $18.07 billion, a P/E ratio of 51.26 and a beta of 1.36.

Analyst Upgrades and Downgrades

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.