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 report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

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

News Stock Up 0.7 %

Shares of NASDAQ:NWSA opened at $28.25 on Monday. 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 $16.07 billion, a price-to-earnings ratio of 45.56 and a beta of 1.35. The stock’s 50-day moving average price is $28.28 and its two-hundred day moving average price is $27.51. News has a 12-month low of $22.65 and a 12-month high of $30.03.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC acquired a new position in shares of News during the 2nd quarter valued at $289,000. Bank of New York Mellon Corp lifted its stake in shares of News by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 2,855,605 shares of the company’s stock worth $78,729,000 after purchasing an additional 61,417 shares in the last quarter. Atomi Financial Group Inc. boosted its position in shares of News by 11.5% in the second quarter. Atomi Financial Group Inc. now owns 10,578 shares of the company’s stock worth $292,000 after buying an additional 1,095 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of News by 178.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 142,581 shares of the company’s stock valued at $3,931,000 after buying an additional 91,457 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of News during the 2nd quarter valued at about $46,000. Hedge funds and other 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.