News (NASDAQ:NWSA) Downgraded to Hold Rating by StockNews.com

StockNews.com lowered shares of News (NASDAQ:NWSA) from a buy rating to a hold rating in a report released on Monday.

Several other research firms have also recently commented on NWSA. JPMorgan Chase & Co. upped their target price 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 upped their target price on shares of News from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, News currently has an average rating of “Moderate Buy” and an average target price of $38.67.

News Price Performance

Shares of News stock opened at $28.85 on Monday. The stock has a market capitalization of $16.40 billion, a price-to-earnings ratio of 46.53 and a beta of 1.34. News has a 1-year low of $20.81 and a 1-year high of $30.03. The firm has a fifty day simple moving average of $26.75 and a 200-day simple moving average of $26.87. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30.

Institutional Investors Weigh In On News

Several institutional investors and hedge funds have recently bought and sold shares of NWSA. International Assets Investment Management LLC bought a new stake in News in the 2nd quarter valued at $26,000. Acadian Asset Management LLC increased its holdings 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 buying an additional 506 shares during the period. Brooklyn Investment Group bought a new stake in shares of News in the 3rd quarter worth about $39,000. Covestor Ltd grew its holdings in shares of News by 125.8% in the 1st quarter. Covestor Ltd now owns 1,727 shares of the company’s stock worth $45,000 after purchasing an additional 962 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of News in the 2nd quarter worth about $46,000. 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.