News Co. (NASDAQ:NWSA) Short Interest Update

News Co. (NASDAQ:NWSA) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 4,670,000 shares, a decline of 14.0% from the November 30th total of 5,430,000 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 2,380,000 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Investors Weigh In On News

A number of hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new stake in shares of News in the second quarter valued at $26,000. Acadian Asset Management LLC raised its position in 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. Brooklyn Investment Group purchased a new position in shares of News in the 3rd quarter valued at about $39,000. ORG Wealth Partners LLC acquired a new position in shares of News during the third quarter worth about $79,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of News during the third quarter worth approximately $85,000. 66.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on NWSA. StockNews.com upgraded News from a “hold” rating to a “buy” rating in a research report on Thursday, December 26th. Loop Capital cut their price objective on News from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. Finally, Guggenheim upped their target price on shares of News from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $39.33.

News Trading Up 0.2 %

NWSA traded up $0.05 during mid-day trading on Tuesday, hitting $27.53. 376,208 shares of the stock were exchanged, compared to its average volume of 2,616,958. The firm’s fifty day moving average is $28.41 and its two-hundred day moving average is $27.52. 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 1-year low of $22.65 and a 1-year high of $30.03. The company has a market cap of $15.66 billion, a PE ratio of 44.40 and a beta of 1.35.

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.