News (NASDAQ:NWS) Shares Gap Down to $20.85

News Co. (NASDAQ:NWS – Get Rating) gapped down before the market opened on Friday . The stock had previously closed at $20.85, but opened at $19.66. News shares last traded at $19.02, with a volume of 337,461 shares changing hands.

News Stock Down 9.8 %

The company has a quick ratio of 1.12, a current ratio of 1.25 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $19.34 and a two-hundred day simple moving average of $18.03. The company has a market capitalization of $10.83 billion, a price-to-earnings ratio of 36.17 and a beta of 1.32.

Institutional Investors Weigh In On News

A number of institutional investors have recently added to or reduced their stakes in the NWS. Federated Hermes Inc. boosted its holdings in News by 415.4% during the second quarter. Federated Hermes Inc. now owns 1,572 shares of the company’s stock valued at $25,000 after purchasing an additional 1,267 shares in the last quarter. CWM LLC boosted its holdings in News by 310.2% during the second quarter. CWM LLC now owns 2,162 shares of the company’s stock valued at $34,000 after purchasing an additional 1,635 shares in the last quarter. Captrust Financial Advisors boosted its holdings in News by 40.6% during the second quarter. Captrust Financial Advisors now owns 2,378 shares of the company’s stock valued at $38,000 after purchasing an additional 687 shares in the last quarter. UBS Group AG boosted its holdings in News by 128.8% during the first quarter. UBS Group AG now owns 2,231 shares of the company’s stock valued at $50,000 after purchasing an additional 1,256 shares in the last quarter. Finally, Allworth Financial LP acquired a new stake in News during the third quarter valued at approximately $53,000. 11.38% of the stock is owned by institutional investors and hedge funds.

News Company Profile

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News Corp. is a media and information services company, which engages in the creation and distribution of content and other services. It operates through the following segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other. The Digital Real Estate Services segment refers to the firm’s interest in the REA Group, a company with operations focused on property and property-related advertising and services, as well as financial services.

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