Teachers Retirement System of The State of Kentucky Lowers Stock Position in News Co. (NASDAQ:NWS)

Teachers Retirement System of The State of Kentucky reduced its position in News Co. (NASDAQ:NWS) by 10.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor 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 at the end of the most recent quarter.

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

Analyst Ratings Changes

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

News Trading Down 0.5 %

Shares of NWS opened at $30.46 on Friday. 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 Co. has a 12 month low of $23.99 and a 12 month high of $32.87. The stock has a market cap of $17.32 billion, a PE ratio of 49.13 and a beta of 1.38. The stock’s 50-day moving average is $30.55 and its two-hundred day moving average is $28.96.

About News

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.