Loop Capital Has Lowered Expectations for News (NASDAQ:NWSA) Stock Price

News (NASDAQ:NWSA) had its target price decreased by stock analysts at Loop Capital from $44.00 to $41.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Loop Capital’s price objective points to a potential upside of 45.13% from the company’s current price.

NWSA has been the subject of several other research reports. StockNews.com lowered News from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Guggenheim raised their price objective on News from $36.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, News has a consensus rating of “Moderate Buy” and a consensus target price of $39.33.

News Stock Up 0.7 %

NWSA stock opened at $28.25 on Monday. News has a one year low of $22.65 and a one year high of $30.03. 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 firm’s fifty day moving average is $28.28 and its 200 day moving average is $27.51. The firm has a market cap of $16.07 billion, a PE ratio of 45.56 and a beta of 1.35.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp raised its holdings in shares of News by 6.1% during the third quarter. State Street Corp now owns 25,799,596 shares of the company’s stock valued at $689,397,000 after acquiring an additional 1,476,224 shares during the last quarter. Barclays PLC increased its position in shares of News by 124.0% during the third quarter. Barclays PLC now owns 14,713,823 shares of the company’s stock worth $391,832,000 after purchasing an additional 8,144,856 shares in the last quarter. Geode Capital Management LLC lifted its holdings in News by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 9,622,246 shares of the company’s stock valued at $255,457,000 after purchasing an additional 90,419 shares in the last quarter. Metropolis Capital Ltd boosted its stake in News by 8.9% during the 3rd quarter. Metropolis Capital Ltd now owns 6,779,137 shares of the company’s stock worth $180,528,000 after purchasing an additional 555,789 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of News by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,337,650 shares of the company’s stock worth $115,512,000 after buying an additional 53,550 shares in the last quarter. 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.