California Public Employees Retirement System grew its stake in News Corp (NASDAQ:NWS) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 280,500 shares of the company’s stock after buying an additional 6,100 shares during the quarter. California Public Employees Retirement System’s holdings in News were worth $3,829,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NWS. Mint Tower Capital Management B.V. acquired a new position in shares of News in the 3rd quarter valued at about $120,000. Nomura Holdings Inc. lifted its holdings in shares of News by 111.7% in the 2nd quarter. Nomura Holdings Inc. now owns 9,100 shares of the company’s stock valued at $129,000 after buying an additional 4,802 shares during the period. ING Groep NV acquired a new position in shares of News in the 3rd quarter valued at about $144,000. Citadel Advisors LLC acquired a new position in News in the 2nd quarter worth about $157,000. Finally, Marshall Wace North America L.P. acquired a new position in News in the 2nd quarter worth about $160,000. 9.49% of the stock is owned by institutional investors and hedge funds.

In related news, CFO Kevin Halpin sold 2,468 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $16.66, for a total value of $41,116.88. Following the completion of the transaction, the chief financial officer now owns 10,000 shares of the company’s stock, valued at approximately $166,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 24,855 shares of company stock valued at $385,752 in the last ninety days. 39.40% of the stock is currently owned by insiders.

News Corp (NASDAQ:NWS) opened at $17.50 on Friday. The firm has a market capitalization of $9,870.00, a PE ratio of -15.49 and a beta of 1.91. News Corp has a fifty-two week low of $12.30 and a fifty-two week high of $17.60. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.03.

NWS has been the subject of a number of analyst reports. TheStreet raised News from a “c+” rating to a “b-” rating in a report on Wednesday, November 29th. BidaskClub raised News from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th.

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News Company Profile

News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.

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Institutional Ownership by Quarter for News (NASDAQ:NWS)

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