News (NASDAQ:NWSA) Reaches New 52-Week Low at $14.96

News Co. (NASDAQ:NWSAGet Rating) shares reached a new 52-week low on Wednesday . The company traded as low as $14.96 and last traded at $14.99, with a volume of 17466 shares. The stock had previously closed at $15.22.

A number of research firms have weighed in on NWSA. StockNews.com initiated coverage on shares of News in a research note on Thursday, March 31st. They set a “buy” rating on the stock. TheStreet downgraded shares of News from a “b” rating to a “c” rating in a research note on Thursday, May 5th.

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.09 and a current ratio of 1.18. The company’s 50 day moving average price is $18.01 and its 200 day moving average price is $20.62. The company has a market cap of $8.93 billion, a price-to-earnings ratio of 17.93 and a beta of 1.32.

News (NASDAQ:NWSAGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. News had a return on equity of 6.35% and a net margin of 4.89%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the company earned $0.09 EPS. As a group, analysts predict that News Co. will post 0.74 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in News by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 54,110,547 shares of the company’s stock worth $1,198,548,000 after buying an additional 1,088,340 shares in the last quarter. BlackRock Inc. raised its holdings in News by 0.8% during the 1st quarter. BlackRock Inc. now owns 25,216,349 shares of the company’s stock worth $558,541,000 after purchasing an additional 210,486 shares during the last quarter. Yacktman Asset Management LP raised its holdings in News by 1.0% during the 4th quarter. Yacktman Asset Management LP now owns 16,195,304 shares of the company’s stock worth $361,317,000 after purchasing an additional 163,380 shares during the last quarter. Burgundy Asset Management Ltd. raised its holdings in News by 7.3% during the 4th quarter. Burgundy Asset Management Ltd. now owns 12,808,257 shares of the company’s stock worth $285,752,000 after purchasing an additional 874,243 shares during the last quarter. Finally, Contour Asset Management LLC raised its holdings in News by 31.8% during the 4th quarter. Contour Asset Management LLC now owns 12,156,933 shares of the company’s stock worth $271,221,000 after purchasing an additional 2,934,958 shares during the last quarter. Institutional investors and hedge funds own 63.98% of the company’s stock.

About News (NASDAQ:NWSA)

News Corporation, a media and information services company, focuses on creating and distributing content for consumers and businesses worldwide. It operates in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and Investor's Business Daily through various media channels, such as newspapers, newswires, websites, applications for mobile devices, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, videos, and podcasts.

See Also

Receive News & Ratings for News Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for News and related companies with MarketBeat.com's FREE daily email newsletter.