News (NASDAQ:NWS) Raised to Hold at BidaskClub

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.

In related news, CFO Kevin Halpin sold 7,387 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $15.62, for a total transaction of $115,384.94. Following the completion of the sale, the chief financial officer now owns 17,468 shares of the company’s stock, valued at $272,850.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 17,387 shares of company stock valued at $264,135 in the last ninety days. 39.40% of the stock is currently owned by company insiders.

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.

WARNING: This report was reported by BBNS and is the property of of BBNS. If you are accessing this report on another publication, it was illegally copied and republished in violation of international trademark & copyright laws. The original version of this report can be viewed at https://baseballnewssource.com/markets/news-corporation-nws-rating-increased-to-hold-at-bidaskclub/1777480.html.

About News

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.

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

 


Latest News

Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan
Shohei Ohtani Has Turned Down Red Sox and Yankees
Shohei Ohtani Has Turned Down Red Sox and Yankees
Free Agency Season Has Finally Heated Up
Free Agency Season Has Finally Heated Up


Leave a Reply

 
© 2006-2017 BBNS.