News Co. (NASDAQ:NWS) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its holdings in News Co. (NASDAQ:NWS) by 10.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,546 shares of the company’s stock after selling 948 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in News were worth $239,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its position in shares of News by 253.3% in the third quarter. Blue Trust Inc. now owns 2,021 shares of the company’s stock valued at $57,000 after acquiring an additional 1,449 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in News in the 3rd quarter valued at about $80,000. Point72 DIFC Ltd acquired a new stake in shares of News during the 3rd quarter worth about $86,000. International Assets Investment Management LLC purchased a new stake in shares of News during the second quarter worth about $97,000. Finally, Glenmede Trust Co. NA raised its position in shares of News by 27.7% in the third quarter. Glenmede Trust Co. NA now owns 3,520 shares of the company’s stock valued at $98,000 after buying an additional 763 shares during the last quarter. 14.63% of the stock is currently owned by hedge funds and other institutional investors.

News Stock Performance

News stock opened at $30.46 on Friday. The stock has a fifty day moving average price of $30.55 and a 200 day moving average price of $28.96. News Co. has a 52 week low of $23.99 and a 52 week high of $32.87. The firm has a market capitalization of $17.32 billion, a P/E ratio of 49.13 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.

Analysts Set New Price Targets

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