Connor Clark & Lunn Investment Management Ltd. Invests $661,000 in News Co. (NASDAQ:NWS)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in News Co. (NASDAQ:NWS) during the third quarter, according to its most recent filing with the SEC. The firm bought 23,665 shares of the company’s stock, valued at approximately $661,000.

Several other institutional investors have also recently bought and sold shares of NWS. Russell Investments Group Ltd. increased its stake in shares of News by 21.3% in the first quarter. Russell Investments Group Ltd. now owns 4,009 shares of the company’s stock worth $108,000 after purchasing an additional 703 shares during the period. Comerica Bank increased its position in News by 9.8% in the 1st quarter. Comerica Bank now owns 19,282 shares of the company’s stock worth $522,000 after buying an additional 1,715 shares during the period. iA Global Asset Management Inc. acquired a new position in shares of News during the first quarter worth approximately $76,000. GAMMA Investing LLC boosted its position in shares of News by 60.0% in the second quarter. GAMMA Investing LLC now owns 5,427 shares of the company’s stock valued at $154,000 after acquiring an additional 2,035 shares during the period. Finally, QRG Capital Management Inc. increased its position in News by 1.4% during the second quarter. QRG Capital Management Inc. now owns 35,065 shares of the company’s stock worth $995,000 after acquiring an additional 486 shares during the period. Institutional investors own 14.63% of the company’s stock.

News Trading Down 0.9 %

Shares of NWS opened at $31.72 on Friday. The stock’s 50-day moving average price is $29.20 and its 200 day moving average price is $28.45. 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 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 12-month low of $22.21 and a 12-month high of $32.75.

Analysts Set New Price Targets

Separately, Loop Capital upgraded 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.