StockNews.com Downgrades News (NASDAQ:NWSA) to Hold

News (NASDAQ:NWSA) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

NWSA has been the topic of a number of other reports. Loop Capital cut their target price on News from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Citigroup started coverage on shares of News in a research note on Friday, January 10th. They issued a “buy” rating and a $36.00 price target on the stock. Finally, Guggenheim raised their price objective on shares of News from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $38.50.

News Stock Performance

Shares of NWSA opened at $27.43 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30. The stock has a market cap of $15.60 billion, a P/E ratio of 44.24 and a beta of 1.35. The business’s 50 day moving average price is $28.45 and its 200-day moving average price is $27.54. News has a 52 week low of $22.65 and a 52 week high of $30.03.

Institutional Investors Weigh In On News

Several institutional investors have recently modified their holdings of NWSA. Barclays PLC boosted its holdings in shares of News by 124.0% during the 3rd quarter. Barclays PLC now owns 14,713,823 shares of the company’s stock valued at $391,832,000 after acquiring an additional 8,144,856 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in News by 374.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,160,045 shares of the company’s stock worth $59,488,000 after purchasing an additional 1,704,944 shares during the last quarter. Whale Rock Capital Management LLC bought a new stake in News in the 3rd quarter worth approximately $44,585,000. State Street Corp raised its stake in News by 6.1% during the 3rd quarter. State Street Corp now owns 25,799,596 shares of the company’s stock valued at $689,397,000 after buying an additional 1,476,224 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of News by 1,815.4% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,413,158 shares of the company’s stock valued at $37,632,000 after buying an additional 1,339,379 shares during the period. 66.97% of the stock is owned by hedge funds and other institutional investors.

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.