News (NASDAQ:NWSA) Price Target Lowered to $41.00 at Loop Capital

News (NASDAQ:NWSA) had its price objective reduced by Loop Capital from $44.00 to $41.00 in a research report sent to investors on Monday,Benzinga reports. Loop Capital currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on NWSA. Guggenheim increased their target price on News from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. StockNews.com lowered shares of News from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.33.

News Stock Up 0.7 %

Shares of NASDAQ NWSA opened at $28.05 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30. The firm has a market cap of $15.95 billion, a PE ratio of 45.24 and a beta of 1.35. The company’s fifty day simple moving average is $28.25 and its 200 day simple moving average is $27.50. News has a 12-month low of $22.65 and a 12-month high of $30.03.

Institutional Investors Weigh In On News

Hedge funds have recently modified their holdings of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in News by 59.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 72,078 shares of the company’s stock valued at $1,987,000 after acquiring an additional 26,911 shares during the period. Qsemble Capital Management LP purchased a new position in shares of News in the third quarter worth about $990,000. Barclays PLC raised its position in shares of News by 124.0% in the third quarter. Barclays PLC now owns 14,713,823 shares of the company’s stock valued at $391,832,000 after purchasing an additional 8,144,856 shares during the period. Lecap Asset Management Ltd. lifted its stake in shares of News by 313.6% during the 3rd quarter. Lecap Asset Management Ltd. now owns 35,145 shares of the company’s stock valued at $936,000 after buying an additional 26,648 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in News by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,337,650 shares of the company’s stock worth $115,512,000 after buying an additional 53,550 shares during the period. Institutional investors own 66.97% of the company’s stock.

About News

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.