BidaskClub upgraded shares of News (NASDAQ:NWS) from a sell rating to a hold rating in a research report released on Saturday, November 11th.
Separately, Citigroup raised shares of News from a neutral rating to a buy rating in a research report on Wednesday, July 26th.
News (NASDAQ:NWS) traded down $0.05 during mid-day trading on Friday, reaching $16.40. 912,075 shares of the company’s stock were exchanged, compared to its average volume of 498,242. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.56 and a current ratio of 1.56. News has a 1 year low of $11.75 and a 1 year high of $16.60. The company has a market capitalization of $9,525.85, a PE ratio of 37.16 and a beta of 1.88.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Balyasny Asset Management LLC acquired a new position in News during the second quarter worth about $233,000. Opera Trading Capital acquired a new position in News during the third quarter worth about $409,000. Teachers Advisors LLC raised its stake in News by 9.6% during the first quarter. Teachers Advisors LLC now owns 160,493 shares of the company’s stock worth $2,167,000 after acquiring an additional 14,027 shares in the last quarter. SG Americas Securities LLC raised its stake in News by 117.9% during the second quarter. SG Americas Securities LLC now owns 115,344 shares of the company’s stock worth $1,632,000 after acquiring an additional 62,401 shares in the last quarter. Finally, LS Investment Advisors LLC raised its stake in News by 15.3% during the second quarter. LS Investment Advisors LLC now owns 7,601 shares of the company’s stock worth $108,000 after acquiring an additional 1,010 shares in the last quarter. 9.51% of the stock is owned by institutional investors and hedge funds.
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News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.
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