Retirement Systems of Alabama Lowers Stock Holdings in News Co. (NASDAQ:NWS)

Retirement Systems of Alabama cut its holdings in shares of News Co. (NASDAQ:NWS) by 3.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,443 shares of the company’s stock after selling 794 shares during the period. Retirement Systems of Alabama’s holdings in News were worth $683,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NWS. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in News during the 2nd quarter worth approximately $22,415,000. State Street Corp increased its position in shares of News by 4.4% during the third quarter. State Street Corp now owns 7,069,813 shares of the company’s stock worth $198,254,000 after acquiring an additional 295,631 shares during the period. International Assets Investment Management LLC raised its stake in shares of News by 3,314.8% in the third quarter. International Assets Investment Management LLC now owns 116,718 shares of the company’s stock valued at $3,262,000 after acquiring an additional 113,300 shares in the last quarter. Metropolis Capital Ltd boosted its holdings in News by 10.5% in the third quarter. Metropolis Capital Ltd now owns 930,950 shares of the company’s stock valued at $26,020,000 after purchasing an additional 88,715 shares during the period. Finally, FMR LLC increased its holdings in News by 362.3% during the 3rd quarter. FMR LLC now owns 94,940 shares of the company’s stock worth $2,654,000 after purchasing an additional 74,405 shares during the period. Hedge funds and other institutional investors own 14.63% of the company’s stock.

Analysts Set New Price Targets

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

News Trading Up 0.8 %

Shares of NASDAQ:NWS opened at $30.70 on Friday. News Co. has a 52 week low of $23.99 and a 52 week high of $32.87. The company’s 50 day moving average is $30.61 and its two-hundred day moving average is $28.98. The company has a market cap of $17.46 billion, a PE ratio of 49.52 and a beta of 1.38. 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 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.