News (NASDAQ:NWSA) Upgraded at Seaport Res Ptn

Seaport Res Ptn upgraded shares of News (NASDAQ:NWSA) to a strong-buy rating in a report issued on Friday morning,Zacks.com reports.

A number of other analysts also recently issued reports on NWSA. StockNews.com raised News from a “hold” rating to a “buy” rating in a research note on Saturday, January 25th. Loop Capital reduced their price target on News from $44.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Citigroup started coverage on News in a research report on Friday, January 10th. They set a “buy” rating and a $36.00 target price on the stock. Finally, Guggenheim raised their target price on News from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $39.25.

News Stock Up 0.1 %

Shares of NASDAQ:NWSA opened at $28.12 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26. The firm has a market capitalization of $15.99 billion, a PE ratio of 45.35 and a beta of 1.35. The business has a 50 day simple moving average of $28.23 and a two-hundred day simple moving average of $27.55. News has a 1 year low of $22.65 and a 1 year high of $30.03.

News (NASDAQ:NWSA) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. News had a return on equity of 4.76% and a net margin of 3.49%. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the firm earned $0.16 earnings per share. On average, equities analysts predict that News will post 0.91 EPS for the current year.

Institutional Trading of News

Hedge funds have recently made changes to their positions in the stock. Creative Planning boosted its position in News by 51.6% during the second quarter. Creative Planning now owns 46,090 shares of the company’s stock valued at $1,271,000 after purchasing an additional 15,692 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of News by 17.4% in the 2nd quarter. NewEdge Advisors LLC now owns 74,698 shares of the company’s stock valued at $2,059,000 after purchasing an additional 11,078 shares during the period. Czech National Bank grew its stake in shares of News by 6.7% in the 3rd quarter. Czech National Bank now owns 77,069 shares of the company’s stock valued at $2,052,000 after purchasing an additional 4,807 shares during the period. Handelsbanken Fonder AB grew its stake in shares of News by 38.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 148,700 shares of the company’s stock valued at $3,960,000 after purchasing an additional 41,600 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of News by 9.0% in the 3rd quarter. GAMMA Investing LLC now owns 6,578 shares of the company’s stock worth $175,000 after acquiring an additional 543 shares in the last quarter. 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.