News (NASDAQ:NWS) Reaches New 1-Year High – Should You Buy?

News Co. (NASDAQ:NWS)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $32.87 and last traded at $32.85, with a volume of 239614 shares traded. The stock had previously closed at $31.95.

Analyst Upgrades and Downgrades

Separately, Seaport Res Ptn upgraded shares of News to a “strong-buy” rating in a research note on Friday.

News Stock Performance

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 company has a fifty day moving average of $31.21 and a two-hundred day moving average of $29.56. The stock has a market capitalization of $18.68 billion, a P/E ratio of 52.94 and a beta of 1.38.

News (NASDAQ:NWS) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter. The business had revenue of $2.58 billion during the quarter. News had a net margin of 3.49% and a return on equity of 4.76%.

Institutional Trading of News

Several hedge funds have recently added to or reduced their stakes in NWS. Wilmington Savings Fund Society FSB boosted its stake in News by 123.7% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 935 shares of the company’s stock valued at $28,000 after buying an additional 517 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of News by 253.3% in the 3rd quarter. Blue Trust Inc. now owns 2,021 shares of the company’s stock worth $57,000 after purchasing an additional 1,449 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in shares of News in the 3rd quarter worth approximately $80,000. Asset Management One Co. Ltd. lifted its stake in News by 22.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 2,668 shares of the company’s stock valued at $82,000 after purchasing an additional 497 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in News in the third quarter worth approximately $86,000. Institutional investors own 14.63% 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.