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

News (NASDAQ:NWSA) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

NWSA has been the subject of several other research reports. Loop Capital increased their price objective on News from $41.00 to $44.00 and gave the company a “buy” rating in a report on Monday, December 9th. Guggenheim increased their price target on News from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.33.

News Stock Down 1.4 %

NASDAQ:NWSA opened at $28.25 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38. The stock has a market capitalization of $16.07 billion, a P/E ratio of 45.56 and a beta of 1.35. The company’s 50-day simple moving average is $28.06 and its 200-day simple moving average is $27.48. News has a fifty-two week low of $22.65 and a fifty-two week high of $30.03.

Institutional Trading of News

Large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in News in the second quarter valued at approximately $26,000. Acadian Asset Management LLC increased its stake in shares of News by 95.1% in the second quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock worth $28,000 after acquiring an additional 506 shares during the period. Brooklyn Investment Group purchased a new position in shares of News during the third quarter worth $39,000. Innealta Capital LLC acquired a new position in News during the second quarter valued at $46,000. Finally, Family Firm Inc. acquired a new stake in News during the 2nd quarter worth about $73,000. Hedge funds and other institutional investors own 66.97% of the company’s stock.

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.