News Co. (NASDAQ:NWSA) Receives Average Recommendation of “Buy” from Brokerages

Shares of News Co. (NASDAQ:NWSA) have received an average recommendation of “Buy” from the four ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have covered the stock in the last year is $38.67.

NWSA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on News from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Loop Capital increased their price objective on shares of News from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Guggenheim boosted their target price on shares of News from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, StockNews.com downgraded News from a “buy” rating to a “hold” rating in a report on Monday.

News Price Performance

NWSA stock traded up $0.19 during mid-day trading on Tuesday, hitting $29.42. The stock had a trading volume of 1,699,893 shares, compared to its average volume of 2,636,181. The company has a current ratio of 1.43, a quick ratio of 1.33 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $16.73 billion, a P/E ratio of 47.40 and a beta of 1.34. The firm has a fifty day simple moving average of $26.67 and a 200 day simple moving average of $26.82. News has a 52 week low of $20.35 and a 52 week high of $30.03.

Institutional Investors Weigh In On News

A number of institutional investors have recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position 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 purchasing an additional 1,339,379 shares in the last quarter. Metropolis Capital Ltd grew its holdings in shares of News by 8.9% in the third quarter. Metropolis Capital Ltd now owns 6,779,137 shares of the company’s stock valued at $180,528,000 after acquiring an additional 555,789 shares in the last quarter. ING Groep NV boosted its holdings in shares of News by 815.5% in the 3rd quarter. ING Groep NV now owns 429,598 shares of the company’s stock worth $11,440,000 after buying an additional 382,671 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of News by 188.3% during the 2nd quarter. AQR Capital Management LLC now owns 491,123 shares of the company’s stock worth $13,540,000 after purchasing an additional 320,785 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in News by 812.6% in the 1st quarter. Jane Street Group LLC now owns 229,262 shares of the company’s stock worth $6,002,000 after acquiring an additional 204,141 shares during the last quarter. 66.97% of the stock is owned by 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.