News (NASDAQ:NWSA) Lowered 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.

Several other equities analysts have also commented on NWSA. JPMorgan Chase & Co. increased their price target on shares of News from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Loop Capital lifted their price target on shares of News from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. One 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 presently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

News Trading Down 1.0 %

NASDAQ:NWSA opened at $29.23 on Monday. News has a 1 year low of $20.35 and a 1 year high of $30.03. The stock has a market cap of $16.62 billion, a P/E ratio of 47.15 and a beta of 1.34. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.33 and a current ratio of 1.43. The stock has a 50-day simple moving average of $26.67 and a 200-day simple moving average of $26.82.

Hedge Funds Weigh In On News

A number of institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC purchased a new position in News during the 2nd quarter worth $26,000. Acadian Asset Management LLC increased 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 acquiring an additional 506 shares during the period. Covestor Ltd raised its stake in News by 125.8% during the 1st quarter. Covestor Ltd now owns 1,727 shares of the company’s stock valued at $45,000 after acquiring an additional 962 shares during the last quarter. Innealta Capital LLC acquired a new stake in News during the 2nd quarter worth approximately $46,000. Finally, Family Firm Inc. purchased a new position in shares of News in the 2nd quarter valued at approximately $73,000. 66.97% of the stock is owned by institutional investors and hedge funds.

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.