News (NASDAQ:NWS) Lifted to “Strong-Buy” at Loop Capital

Loop Capital upgraded shares of News (NASDAQ:NWS) to a strong-buy rating in a research report sent to investors on Tuesday morning, Zacks.com reports.

News Stock Up 0.4 %

Shares of NWS stock opened at $27.17 on Tuesday. The company has a market capitalization of $15.48 billion, a price-to-earnings ratio of 75.47 and a beta of 1.37. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.33 and a current ratio of 1.43. The stock’s 50 day simple moving average is $28.35 and its 200 day simple moving average is $27.35. News has a twelve month low of $20.01 and a twelve month high of $29.59.

News (NASDAQ:NWS) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.17 EPS for the quarter. The business had revenue of $2.58 billion for the quarter. News had a return on equity of 4.51% and a net margin of 2.64%.

News Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Wednesday, September 11th will be issued a dividend of $0.10 per share. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 11th. News’s payout ratio is 55.56%.

Hedge Funds Weigh In On News

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dorsey Wright & Associates raised its stake in shares of News by 0.4% in the second quarter. Dorsey Wright & Associates now owns 108,906 shares of the company’s stock valued at $3,092,000 after acquiring an additional 409 shares during the last quarter. QRG Capital Management Inc. raised its position in News by 1.4% in the 2nd quarter. QRG Capital Management Inc. now owns 35,065 shares of the company’s stock valued at $995,000 after purchasing an additional 486 shares during the last quarter. Covestor Ltd boosted its stake in News by 69.9% in the first quarter. Covestor Ltd now owns 1,201 shares of the company’s stock worth $33,000 after purchasing an additional 494 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of News by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 51,640 shares of the company’s stock worth $1,328,000 after purchasing an additional 500 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of News by 18.8% in the first quarter. GAMMA Investing LLC now owns 3,392 shares of the company’s stock valued at $92,000 after buying an additional 537 shares in the last quarter. 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 in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.