Oregon Public Employees Retirement Fund reduced its stake in shares of News Co. (NASDAQ:NWS) by 9.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,386 shares of the company’s stock after selling 1,000 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in News were worth $131,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Independent Franchise Partners LLP grew its position in shares of News by 3.7% in the second quarter. Independent Franchise Partners LLP now owns 11,903,117 shares of the company’s stock valued at $142,242,000 after purchasing an additional 426,742 shares during the last quarter. Vanguard Group Inc. raised its position in shares of News by 0.4% during the second quarter. Vanguard Group Inc. now owns 4,222,636 shares of the company’s stock worth $50,461,000 after purchasing an additional 17,638 shares during the period. State of Wisconsin Investment Board raised its position in shares of News by 82.5% during the second quarter. State of Wisconsin Investment Board now owns 1,215,450 shares of the company’s stock worth $14,525,000 after purchasing an additional 549,550 shares during the period. Metropolis Capital Ltd raised its position in shares of News by 33.8% during the third quarter. Metropolis Capital Ltd now owns 495,800 shares of the company’s stock worth $6,931,000 after purchasing an additional 125,340 shares during the period. Finally, Natixis Advisors L.P. raised its position in shares of News by 5.0% during the second quarter. Natixis Advisors L.P. now owns 232,965 shares of the company’s stock worth $2,784,000 after purchasing an additional 10,988 shares during the period. Institutional investors and hedge funds own 10.44% of the company’s stock.

Shares of News stock opened at $17.56 on Friday. The business’s 50 day simple moving average is $14.62 and its 200 day simple moving average is $13.46. News Co. has a 52-week low of $7.88 and a 52-week high of $18.10. The firm has a market cap of $10.37 billion, a PE ratio of -10.27 and a beta of 1.52. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.16 and a current ratio of 1.29.

News (NASDAQ:NWS) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.08 earnings per share for the quarter. News had a positive return on equity of 1.40% and a negative net margin of 14.09%.

Separately, TheStreet raised News from a “d+” rating to a “c-” rating in a research report on Friday, November 13th.

News Profile

News Corporation, a media and information services company, creates and distributes content 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. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, and MarketWatch through various media channels, such as newspapers, newswires, websites, applications for mobile devices, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, videos, and podcasts.

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Institutional Ownership by Quarter for News (NASDAQ:NWS)

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