Today: Today, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Takes Position in News Corp. (NWS)

Today, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Takes Position in News Corp. (NWS)

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of News Corp. (NASDAQ:NWS) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 211,000 shares of the company’s stock, valued at approximately $3,006,000.

A number of other large investors have also modified their holdings of the stock. State Street Corp raised its stake in shares of News Corp. by 6.1% in the first quarter. State Street Corp now owns 3,604,377 shares of the company’s stock valued at $47,759,000 after buying an additional 207,473 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of News Corp. by 0.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,546,350 shares of the company’s stock valued at $29,716,000 after buying an additional 12,146 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of News Corp. by 3.2% in the second quarter. BlackRock Fund Advisors now owns 1,744,129 shares of the company’s stock valued at $20,354,000 after buying an additional 54,383 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of News Corp. by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 930,608 shares of the company’s stock valued at $10,859,000 after buying an additional 24,671 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of News Corp. by 2.0% in the second quarter. Legal & General Group Plc now owns 713,610 shares of the company’s stock valued at $8,327,000 after buying an additional 13,958 shares during the last quarter. Hedge funds and other institutional investors own 9.63% of the company’s stock.

News Corp. (NASDAQ:NWS) opened at 12.10 on Friday. News Corp. has a 1-year low of $10.73 and a 1-year high of $15.22. The stock’s 50 day moving average is $12.87 and its 200 day moving average is $13.05. The firm’s market capitalization is $7.03 billion.

NWS has been the topic of several recent research reports. Zacks Investment Research upgraded shares of News Corp. from a “sell” rating to a “hold” rating in a research note on Saturday. TheStreet lowered shares of News Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, October 27th. Finally, Bank of America Corp. lowered shares of News Corp. from a “neutral” rating to an “underperform” rating in a research note on Thursday, October 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $18.00.

In other news, CFO Bedi Ajay Singh sold 29,857 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $14.39, for a total value of $429,642.23. Following the sale, the chief financial officer now directly owns 33,667 shares of the company’s stock, valued at approximately $484,468.13. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 39.40% of the stock is currently owned by insiders.

About News Corp.

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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