News (NASDAQ:NWS) Stock Passes Above 200 Day Moving Average – Here’s Why

News Co. (NASDAQ:NWS) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $29.16 and traded as high as $30.73. News shares last traded at $30.37, with a volume of 386,943 shares.

Analyst Ratings Changes

Separately, Loop Capital upgraded shares of News to a “strong-buy” rating in a report on Tuesday, September 10th.

News Price Performance

The stock has a market cap of $17.27 billion, a PE ratio of 48.98 and a beta of 1.38. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38. The business has a 50 day moving average price of $31.15 and a two-hundred day moving average price of $29.16.

Institutional Investors Weigh In On News

Hedge funds have recently made changes to their positions in the business. Blue Trust Inc. raised its stake in shares of News by 253.3% in the third quarter. Blue Trust Inc. now owns 2,021 shares of the company’s stock valued at $57,000 after buying an additional 1,449 shares during the period. ORG Wealth Partners LLC bought a new stake in News in the 3rd quarter valued at about $80,000. Point72 DIFC Ltd purchased a new stake in News during the third quarter valued at about $86,000. Glenmede Trust Co. NA boosted its position in News by 27.7% during the third quarter. Glenmede Trust Co. NA now owns 3,520 shares of the company’s stock worth $98,000 after purchasing an additional 763 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of News by 218.4% in the third quarter. Nisa Investment Advisors LLC now owns 5,445 shares of the company’s stock worth $153,000 after purchasing an additional 3,735 shares in the last quarter. 14.63% of the stock is currently owned by institutional investors.

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.