News (NASDAQ:NWSA) Research Coverage Started at Citigroup

Citigroup initiated coverage on shares of News (NASDAQ:NWSA) in a research report released on Friday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $36.00 target price on the stock.

NWSA has been the topic of a number of other research reports. Guggenheim increased their price objective on shares of News from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Loop Capital dropped their price objective on shares of News from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. Finally, StockNews.com upgraded News from a “hold” rating to a “buy” rating in a research report on Thursday, December 26th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, News presently has a consensus rating of “Buy” and an average target price of $38.50.

News Trading Down 1.8 %

NWSA stock opened at $26.98 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 stock has a market capitalization of $15.34 billion, a price-to-earnings ratio of 43.52 and a beta of 1.35. The business has a fifty day moving average price of $28.56 and a 200 day moving average price of $27.54. News has a fifty-two week low of $22.65 and a fifty-two week high of $30.03.

Hedge Funds Weigh In On News

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC boosted its position in shares of News by 95.1% during the second quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock worth $28,000 after purchasing an additional 506 shares in the last quarter. Brooklyn Investment Group bought a new stake in News during the 3rd quarter worth approximately $39,000. ORG Wealth Partners LLC bought a new position in News in the third quarter valued at approximately $79,000. Wilmington Savings Fund Society FSB acquired a new position in shares of News in the third quarter valued at approximately $85,000. Finally, Exchange Traded Concepts LLC increased its position in shares of News by 1,419.6% during the third quarter. Exchange Traded Concepts LLC now owns 5,045 shares of the company’s stock worth $134,000 after acquiring an additional 4,713 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.