News (NASDAQ:NWSA) Downgraded to Hold Rating by StockNews.com

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

A number of other research firms have also issued reports on NWSA. JPMorgan Chase & Co. increased their target price on News from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Loop Capital increased their price objective on shares of News from $38.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. One research 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 target price of $38.67.

News Stock Up 0.9 %

Shares of News stock opened at $29.11 on Monday. The company has a fifty day moving average price of $26.80 and a 200 day moving average price of $26.89. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. News has a twelve month low of $20.83 and a twelve month high of $30.03. The stock has a market cap of $16.55 billion, a price-to-earnings ratio of 46.95 and a beta of 1.34.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Seelaus Asset Management LLC boosted its stake in shares of News by 3.8% during the 3rd quarter. Seelaus Asset Management LLC now owns 11,399 shares of the company’s stock valued at $304,000 after buying an additional 417 shares during the last quarter. US Bancorp DE grew its holdings in News by 2.4% during the 1st quarter. US Bancorp DE now owns 18,406 shares of the company’s stock worth $482,000 after acquiring an additional 424 shares in the last quarter. Fifth Third Bancorp increased its position in shares of News by 3.7% in the 2nd quarter. Fifth Third Bancorp now owns 13,802 shares of the company’s stock worth $381,000 after purchasing an additional 496 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of News by 95.1% in the 2nd quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock valued at $28,000 after purchasing an additional 506 shares in the last quarter. Finally, CWM LLC lifted its position in shares of News by 7.8% during the second quarter. CWM LLC now owns 7,339 shares of the company’s stock worth $202,000 after purchasing an additional 532 shares during the last quarter. 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.