News Corp (NWS) Shares Bought by KCS Wealth Advisory
KCS Wealth Advisory lifted its stake in News Corp (NASDAQ:NWS) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,305 shares of the company’s stock after acquiring an additional 4,730 shares during the quarter. KCS Wealth Advisory’s holdings in News were worth $604,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Gateway Investment Advisers LLC boosted its holdings in shares of News by 2.2% in the third quarter. Gateway Investment Advisers LLC now owns 239,179 shares of the company’s stock worth $3,253,000 after buying an additional 5,182 shares during the last quarter. Hartford Investment Management Co. boosted its holdings in shares of News by 33.9% in the third quarter. Hartford Investment Management Co. now owns 17,347 shares of the company’s stock worth $236,000 after buying an additional 4,396 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of News in the third quarter worth approximately $7,561,000. SG Americas Securities LLC boosted its holdings in shares of News by 326.0% in the third quarter. SG Americas Securities LLC now owns 91,120 shares of the company’s stock worth $1,239,000 after buying an additional 69,728 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of News by 15.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,458,330 shares of the company’s stock worth $19,830,000 after buying an additional 192,805 shares during the last quarter. Hedge funds and other institutional investors own 9.52% of the company’s stock.
Shares of NASDAQ:NWS opened at $12.54 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.11. News Corp has a 1-year low of $10.85 and a 1-year high of $17.70. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 22.75 and a beta of 1.51.
NWS has been the topic of a number of research reports. BidaskClub raised shares of News from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 26th. Goldman Sachs Group raised shares of News from a “neutral” rating to a “buy” rating in a report on Tuesday, October 9th.
COPYRIGHT VIOLATION NOTICE: “News Corp (NWS) Shares Bought by KCS Wealth Advisory” was posted by Marea Informative and is owned by of Marea Informative. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.mareainformativa.com/news/2019/01/17/news-corp-nws-shares-bought-by-kcs-wealth-advisory.html.
News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.
Recommended Story: What is a Backdoor Roth IRA?
Receive News & Ratings for News Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for News and related companies with MarketBeat.com's FREE daily email newsletter.