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

News (NASDAQ:NWSA) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Other equities analysts have also recently issued reports about the stock. Guggenheim lifted their price objective on shares of News from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Loop Capital lifted their target price on shares of News from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, News currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.33.

News Stock Performance

NWSA opened at $27.61 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30. News has a 12-month low of $22.65 and a 12-month high of $30.03. The business has a 50 day moving average of $28.17 and a 200-day moving average of $27.49. The stock has a market cap of $15.70 billion, a price-to-earnings ratio of 44.53 and a beta of 1.35.

Institutional Investors Weigh In On News

Hedge funds and other institutional investors have recently modified their holdings of the company. Seelaus Asset Management LLC increased its position in News by 3.8% during the third quarter. Seelaus Asset Management LLC now owns 11,399 shares of the company’s stock worth $304,000 after acquiring an additional 417 shares during the period. Fifth Third Bancorp increased its holdings in shares of News by 3.7% during the second 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 period. Acadian Asset Management LLC raised its position in shares of 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. GAMMA Investing LLC boosted its stake in shares of News by 9.0% in the third quarter. GAMMA Investing LLC now owns 6,578 shares of the company’s stock valued at $175,000 after buying an additional 543 shares during the period. Finally, Pathstone Holdings LLC grew its position in News by 1.2% during the third quarter. Pathstone Holdings LLC now owns 60,509 shares of the company’s stock worth $1,612,000 after buying an additional 730 shares in the last quarter. Institutional investors and hedge funds 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.