News (NASDAQ:NWS) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

News Co. (NASDAQ:NWS) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $29.16 and traded as high as $30.73. News shares last traded at $30.37, with a volume of 386,943 shares.

Analyst Ratings Changes

Separately, Loop Capital raised News to a “strong-buy” rating in a research note on Tuesday, September 10th.

News Stock Up 0.4 %

The firm has a market capitalization of $17.34 billion, a P/E ratio of 49.19 and a beta of 1.38. The stock has a fifty day moving average of $31.21 and a 200 day moving average of $29.18. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26.

Institutional Trading of News

Several institutional investors and hedge funds have recently made changes to their positions in NWS. GAMMA Investing LLC raised its stake in shares of News by 28.5% during the fourth quarter. GAMMA Investing LLC now owns 7,790 shares of the company’s stock valued at $237,000 after acquiring an additional 1,729 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in News by 101.0% during the third quarter. JPMorgan Chase & Co. now owns 496,926 shares of the company’s stock worth $13,889,000 after acquiring an additional 249,659 shares in the last quarter. Principal Financial Group Inc. raised its stake in News by 1.9% during the third quarter. Principal Financial Group Inc. now owns 137,034 shares of the company’s stock valued at $3,830,000 after buying an additional 2,609 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in News in the 3rd quarter worth about $369,000. Finally, MML Investors Services LLC raised its holdings in News by 37.3% in the 3rd quarter. MML Investors Services LLC now owns 9,687 shares of the company’s stock worth $271,000 after acquiring an additional 2,633 shares during the last quarter. 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.