News (NASDAQ:NWSA) Cut to Hold at StockNews.com

StockNews.com downgraded shares of News (NASDAQ:NWSA) from a buy rating to a hold rating in a research report sent to investors on Friday.

Other equities research analysts also recently issued research reports about the company. Guggenheim raised their price target on News from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Loop Capital lowered their target price on shares of News from $44.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Finally, Citigroup initiated coverage on shares of News in a research note on Friday, January 10th. They set a “buy” rating and a $36.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.50.

News Stock Performance

Shares of NWSA opened at $27.43 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. The firm has a market cap of $15.60 billion, a PE ratio of 44.24 and a beta of 1.35. News has a 12 month low of $22.65 and a 12 month high of $30.03. The stock has a fifty day moving average price of $28.45 and a 200-day moving average price of $27.54.

Hedge Funds Weigh In On News

Several hedge funds and other institutional investors have recently made changes to their positions in NWSA. Acadian Asset Management LLC raised its stake in News by 95.1% in the second quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock valued at $28,000 after buying an additional 506 shares in the last quarter. Brooklyn Investment Group purchased a new stake in News during the third quarter worth approximately $39,000. ORG Wealth Partners LLC acquired a new position in News in the third quarter valued at approximately $79,000. Wilmington Savings Fund Society FSB acquired a new stake in News during the third quarter worth approximately $85,000. Finally, Exchange Traded Concepts LLC lifted its position in shares of News by 1,419.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 5,045 shares of the company’s stock worth $134,000 after buying an additional 4,713 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.