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

News (NASDAQ:NWSA) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

Several other equities analysts have also commented on NWSA. JPMorgan Chase & Co. upped their price target 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 upped their price target on News from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $38.00.

News Trading Down 1.0 %

NASDAQ NWSA traded down $0.29 on Monday, reaching $29.23. 3,535,035 shares of the company were exchanged, compared to its average volume of 2,641,514. The business’s fifty day moving average price is $26.67 and its 200 day moving average price is $26.82. The stock has a market capitalization of $16.62 billion, a P/E ratio of 47.15 and a beta of 1.34. The company has a current ratio of 1.43, a quick ratio of 1.33 and a debt-to-equity ratio of 0.32. News has a fifty-two week low of $20.35 and a fifty-two week high of $30.03.

News (NASDAQ:NWSA) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. News had a return on equity of 4.79% and a net margin of 3.49%. The company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the company posted $0.14 earnings per share. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. Analysts forecast that News will post 0.85 earnings per share for the current year.

Institutional Investors Weigh In On News

Several large investors have recently bought and sold shares of the stock. Seelaus Asset Management LLC boosted its position in shares of News by 3.8% in the 3rd quarter. Seelaus Asset Management LLC now owns 11,399 shares of the company’s stock valued at $304,000 after purchasing an additional 417 shares during the period. US Bancorp DE boosted its position in shares of News by 2.4% in the 1st quarter. US Bancorp DE now owns 18,406 shares of the company’s stock valued at $482,000 after purchasing an additional 424 shares during the period. Fifth Third Bancorp boosted 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 valued at $381,000 after purchasing an additional 496 shares during the period. Acadian Asset Management LLC boosted its position 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 during the period. Finally, CWM LLC boosted its position in shares of News by 7.8% in the 2nd quarter. CWM LLC now owns 7,339 shares of the company’s stock valued at $202,000 after purchasing an additional 532 shares during the period. 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.