News (NASDAQ:NWSA) Rating Increased to Buy at StockNews.com

News (NASDAQ:NWSA) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Several other equities research analysts have also commented on the company. Guggenheim upped their price objective on News from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Loop Capital dropped their price target on shares of News from $44.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $39.33.

News Stock Performance

Shares of NWSA stock opened at $28.25 on Thursday. The stock has a market cap of $16.07 billion, a PE ratio of 45.56 and a beta of 1.35. News has a 52-week low of $22.65 and a 52-week high of $30.03. The business has a 50-day simple moving average of $28.28 and a 200-day simple moving average of $27.51. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. increased its stake in shares of News by 2.9% during the third quarter. Principal Financial Group Inc. now owns 435,388 shares of the company’s stock worth $11,594,000 after purchasing an additional 12,345 shares in the last quarter. Tidal Investments LLC increased its stake in News by 148.7% during the 3rd quarter. Tidal Investments LLC now owns 22,050 shares of the company’s stock worth $587,000 after buying an additional 13,184 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of News during the third quarter valued at approximately $85,000. Sanctuary Advisors LLC purchased a new position in shares of News in the third quarter valued at approximately $238,000. Finally, Virtu Financial LLC boosted its stake in shares of News by 73.0% in the third quarter. Virtu Financial LLC now owns 254,650 shares of the company’s stock worth $6,781,000 after acquiring an additional 107,433 shares during the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

News Company Profile

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.