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

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

NWSA has been the subject of a number of other research reports. Loop Capital boosted their price target on News from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Guggenheim lifted their target price on News from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.33.

News Stock Performance

NASDAQ NWSA opened at $27.61 on Wednesday. The firm’s 50 day simple moving average is $28.17 and its 200 day simple moving average is $27.49. The firm has a market capitalization of $15.70 billion, a price-to-earnings ratio of 44.53 and a beta of 1.35. 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.

Institutional Investors Weigh In On News

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of News during the second quarter valued at about $26,000. Acadian Asset Management LLC boosted its position in News by 95.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock worth $28,000 after buying an additional 506 shares during the period. Brooklyn Investment Group bought a new stake in News during the 3rd quarter worth approximately $39,000. Innealta Capital LLC acquired a new position in News in the 2nd quarter valued at approximately $46,000. Finally, Family Firm Inc. acquired a new position in shares of News during the second quarter worth $73,000. 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.