StockNews.com Downgrades News (NASDAQ:NWSA) to Hold

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

Several other research analysts also recently commented on NWSA. JPMorgan Chase & Co. boosted their target price on News from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Loop Capital boosted their target price on News from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, News has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

News Stock Performance

Shares of News stock traded down $0.29 during trading on Monday, reaching $29.23. The company’s stock had a trading volume of 3,535,035 shares, compared to its average volume of 2,641,514. 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 business’s fifty day moving average price is $26.67 and its 200-day moving average price is $26.82. The firm has a market cap of $16.62 billion, a price-to-earnings ratio of 47.15 and a beta of 1.34. News has a one year low of $20.35 and a one year high of $30.03.

News (NASDAQ:NWSA) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. News had a return on equity of 4.79% and a net margin of 3.49%. The firm had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts predict that News will post 0.85 earnings per share for the current year.

Institutional Trading of News

A number of large investors have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in News during the 2nd quarter worth about $26,000. Acadian Asset Management LLC boosted its stake in shares of 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 last quarter. Innealta Capital LLC acquired a new position in shares of News during the 2nd quarter worth about $46,000. Covestor Ltd boosted its stake in shares of News by 125.8% during the 1st quarter. Covestor Ltd now owns 1,727 shares of the company’s stock worth $45,000 after buying an additional 962 shares during the last quarter. Finally, Family Firm Inc. acquired a new position in shares of News during the 2nd quarter worth about $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.