Victory Capital Management Inc. Invests $675,000 in News Co. (NASDAQ:NWS)

Victory Capital Management Inc. bought a new position in News Co. (NASDAQ:NWS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 26,260 shares of the company’s stock, valued at approximately $675,000.

A number of other institutional investors have also recently bought and sold shares of NWS. Headlands Technologies LLC acquired a new position in shares of News in the 4th quarter worth approximately $27,000. V Square Quantitative Management LLC acquired a new stake in shares of News in the 3rd quarter valued at $48,000. GAMMA Investing LLC acquired a new stake in shares of News during the 4th quarter worth about $73,000. Daiwa Securities Group Inc. lifted its holdings in News by 147.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,755 shares of the company’s stock valued at $174,000 after purchasing an additional 4,028 shares during the last quarter. Finally, Hartford Investment Management Co. acquired a new position in News in the fourth quarter valued at about $201,000. Institutional investors and hedge funds own 14.63% of the company’s stock.

News Trading Down 1.3 %

NWS stock opened at $26.73 on Thursday. The business has a fifty day moving average price of $26.00 and a 200 day moving average price of $25.38. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 1.25. The stock has a market capitalization of $15.27 billion, a price-to-earnings ratio of 74.25 and a beta of 1.37. News Co. has a fifty-two week low of $18.19 and a fifty-two week high of $28.92.

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 in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.