News (NASDAQ:NWS) Reaches New 1-Year High – Time to Buy?

News Co. (NASDAQ:NWS) hit a new 52-week high during trading on Tuesday . The stock traded as high as $32.87 and last traded at $32.85, with a volume of 239614 shares traded. The stock had previously closed at $31.95.

Wall Street Analysts Forecast Growth

Separately, Seaport Res Ptn upgraded shares of News to a “strong-buy” rating in a research report on Friday.

News Stock Up 2.8 %

The stock’s 50 day moving average price is $31.21 and its 200-day moving average price is $29.56. The company has a market cap of $18.68 billion, a PE ratio of 52.94 and a beta of 1.38. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38.

News (NASDAQ:NWS) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter. News had a net margin of 3.49% and a return on equity of 4.76%. The business had revenue of $2.58 billion during the quarter.

Hedge Funds Weigh In On News

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB grew its holdings in shares of News by 123.7% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 935 shares of the company’s stock valued at $28,000 after buying an additional 517 shares during the last quarter. Blue Trust Inc. boosted its position in News by 253.3% in the third quarter. Blue Trust Inc. now owns 2,021 shares of the company’s stock worth $57,000 after purchasing an additional 1,449 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in News during the third quarter valued at approximately $80,000. Asset Management One Co. Ltd. grew its position in shares of News by 22.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 2,668 shares of the company’s stock valued at $82,000 after acquiring an additional 497 shares during the period. Finally, Point72 DIFC Ltd purchased a new stake in shares of News in the 3rd quarter worth $86,000. Hedge funds and other institutional investors own 14.63% 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.