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

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

A number of other analysts also recently issued reports on NWSA. Citigroup began coverage on News in a research report on Friday, January 10th. They issued a “buy” rating and a $36.00 target price on the stock. Guggenheim boosted their price target on News from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Loop Capital cut their price objective on News from $44.00 to $41.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Finally, Seaport Res Ptn upgraded shares of News to a “strong-buy” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, News has an average rating of “Buy” and an average target price of $39.25.

News Trading Up 1.6 %

NASDAQ NWSA opened at $28.52 on Friday. The stock has a market capitalization of $16.22 billion, a price-to-earnings ratio of 46.00 and a beta of 1.35. News has a 52 week low of $22.65 and a 52 week high of $30.03. The stock’s 50 day moving average price is $28.19 and its two-hundred day moving average price is $27.56. 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:NWSA) last announced its earnings results on Thursday, November 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.16 by $0.05. 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, compared to analysts’ expectations of $2.56 billion. During the same quarter in the prior year, the company posted $0.16 earnings per share. As a group, analysts anticipate that News will post 0.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On News

Several institutional investors and hedge funds have recently modified their holdings of NWSA. Brooklyn Investment Group bought a new stake in shares of News during the 3rd quarter worth about $39,000. R Squared Ltd bought a new stake in shares of News during the fourth quarter worth approximately $49,000. ORG Wealth Partners LLC acquired a new position in shares of News in the third quarter valued at approximately $79,000. Wilmington Savings Fund Society FSB bought a new position in shares of News during the third quarter worth approximately $85,000. Finally, Principal Securities Inc. lifted its holdings in News by 18.5% during the 4th quarter. Principal Securities Inc. now owns 3,334 shares of the company’s stock worth $92,000 after purchasing an additional 521 shares during the last quarter. 66.97% of the stock is currently owned by institutional investors and hedge funds.

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.