PNC Financial Services Group Inc. Acquires 7,139 Shares of News Co. (NASDAQ:NWS)

PNC Financial Services Group Inc. grew its stake in shares of News Co. (NASDAQ:NWS) by 22.6% during the third quarter, Holdings Channel reports. The institutional investor owned 38,756 shares of the company’s stock after purchasing an additional 7,139 shares during the quarter. PNC Financial Services Group Inc.’s holdings in News were worth $1,083,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. LMR Partners LLP grew its position in News by 643.6% during the 3rd quarter. LMR Partners LLP now owns 7,838 shares of the company’s stock worth $219,000 after acquiring an additional 6,784 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of News by 6.6% in the third quarter. CIBC Asset Management Inc now owns 18,780 shares of the company’s stock worth $525,000 after purchasing an additional 1,165 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of News by 1.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 43,636 shares of the company’s stock worth $1,220,000 after buying an additional 641 shares during the period. Atria Investments Inc raised its holdings in News by 27.7% during the 3rd quarter. Atria Investments Inc now owns 18,818 shares of the company’s stock valued at $526,000 after buying an additional 4,078 shares during the last quarter. Finally, XY Capital Ltd boosted its position in News by 579.0% during the 3rd quarter. XY Capital Ltd now owns 59,764 shares of the company’s stock valued at $1,670,000 after buying an additional 50,962 shares during the period. Hedge funds and other institutional investors own 14.63% of the company’s stock.

Analyst Upgrades and Downgrades

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

News Trading Down 0.9 %

NWS opened at $31.72 on Thursday. The firm has a market capitalization of $18.04 billion, a price-to-earnings ratio of 51.16 and a beta of 1.36. News Co. has a one year low of $22.21 and a one year high of $32.75. The business has a 50 day simple moving average of $29.12 and a two-hundred day simple moving average of $28.42. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26.

News Company 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.