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 report published on Monday morning.

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

News Stock Down 1.0 %

Shares of NASDAQ NWSA opened at $29.23 on Monday. The company has a quick ratio of 1.33, a current ratio of 1.43 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $26.67 and a 200 day moving average price of $26.82. News has a 52 week low of $20.35 and a 52 week high of $30.03. The stock has a market capitalization of $16.62 billion, a price-to-earnings ratio of 47.15 and a beta of 1.34.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Seelaus Asset Management LLC grew its holdings in News by 3.8% during the 3rd quarter. Seelaus Asset Management LLC now owns 11,399 shares of the company’s stock valued at $304,000 after buying an additional 417 shares during the last quarter. US Bancorp DE increased its position in News by 2.4% during the 1st quarter. US Bancorp DE now owns 18,406 shares of the company’s stock worth $482,000 after purchasing an additional 424 shares in the last quarter. Fifth Third Bancorp raised its stake in News by 3.7% in the 2nd quarter. Fifth Third Bancorp now owns 13,802 shares of the company’s stock valued at $381,000 after purchasing an additional 496 shares during the last quarter. Acadian Asset Management LLC lifted 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 purchasing an additional 506 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of News by 7.8% during the 2nd quarter. CWM LLC now owns 7,339 shares of the company’s stock worth $202,000 after purchasing an additional 532 shares during the last quarter. 66.97% of the stock is currently owned by institutional investors and hedge funds.

About News

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.