News (NASDAQ:NWSA) Now Covered by Citigroup

Citigroup initiated coverage on shares of News (NASDAQ:NWSA) in a research report sent to investors on Friday morning, MarketBeat reports. The brokerage issued a buy rating and a $36.00 target price on the stock.

NWSA has been the subject of several other reports. StockNews.com upgraded News from a “hold” rating to a “buy” rating in a report on Thursday, December 26th. Guggenheim increased their target price on News from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Loop Capital lowered their price objective on shares of News from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $38.50.

News Price Performance

NWSA opened at $26.98 on Friday. The company has a 50 day moving average of $28.56 and a two-hundred day moving average of $27.55. News has a 52-week low of $22.65 and a 52-week high of $30.03. 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 company has a market cap of $15.34 billion, a P/E ratio of 43.52 and a beta of 1.35.

Hedge Funds Weigh In On News

Institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. boosted its stake in News by 3.5% during the 2nd quarter. Victory Capital Management Inc. now owns 218,796 shares of the company’s stock valued at $6,032,000 after acquiring an additional 7,464 shares during the last quarter. Acadian Asset Management LLC grew 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 worth $28,000 after purchasing an additional 506 shares in the last quarter. Choreo LLC bought a new stake in News in the second quarter valued at about $240,000. Daiwa Securities Group Inc. raised its stake in News by 6.4% during the second quarter. Daiwa Securities Group Inc. now owns 46,824 shares of the company’s stock valued at $1,291,000 after buying an additional 2,812 shares in the last quarter. Finally, Headlands Technologies LLC lifted its holdings in News by 27.5% during the 2nd quarter. Headlands Technologies LLC now owns 16,220 shares of the company’s stock worth $447,000 after buying an additional 3,499 shares during the last quarter. 66.97% of the stock is owned by institutional investors and hedge funds.

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.