News (NASDAQ:NWSA) Rating Lowered 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 research report issued on Friday.

Several other research firms have also issued reports on NWSA. Guggenheim raised their price target on News from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Citigroup assumed coverage on shares of News in a research note on Friday, January 10th. They issued a “buy” rating and a $36.00 target price on the stock. Finally, Loop Capital lowered their price target on shares of News from $44.00 to $41.00 and set a “buy” rating for the company in a report on Monday, December 23rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, News has a consensus rating of “Moderate Buy” and a consensus target price of $38.50.

News Stock Performance

News stock opened at $27.43 on Friday. The firm has a fifty day simple moving average of $28.45 and a two-hundred day simple moving average of $27.54. News has a twelve month low of $22.65 and a twelve month high of $30.03. The company has a market capitalization of $15.60 billion, a PE ratio of 44.24 and a beta of 1.35. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30.

Institutional Trading of News

Several large investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC lifted 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 worth $28,000 after purchasing an additional 506 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in News by 2.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 37,698 shares of the company’s stock worth $1,042,000 after buying an additional 958 shares during the period. Edgestream Partners L.P. boosted its position in News by 206.6% during the 2nd quarter. Edgestream Partners L.P. now owns 25,813 shares of the company’s stock valued at $712,000 after acquiring an additional 17,393 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of News by 13.8% during the 2nd quarter. Hsbc Holdings PLC now owns 679,070 shares of the company’s stock worth $18,747,000 after acquiring an additional 82,215 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of News in the 2nd quarter worth approximately $1,455,000. 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.