Loop Capital Cuts News (NASDAQ:NWSA) Price Target to $41.00

News (NASDAQ:NWSAFree Report) had its price target decreased by Loop Capital from $44.00 to $41.00 in a research report report published on Monday,Benzinga reports. Loop Capital currently has a buy rating on the stock.

A number of other equities research analysts also recently issued reports on NWSA. StockNews.com downgraded shares of News from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Guggenheim boosted their target price on News from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.33.

Get Our Latest Stock Analysis on NWSA

News Stock Performance

Shares of NWSA opened at $28.25 on Monday. The company has a market capitalization of $16.07 billion, a PE ratio of 45.56 and a beta of 1.35. News has a 52-week low of $22.65 and a 52-week high of $30.03. The company has a 50-day simple moving average of $28.28 and a 200-day simple moving average of $27.51. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30.

Institutional Investors Weigh In On News

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new stake in shares of News in the second quarter valued at $26,000. Acadian Asset Management LLC lifted its holdings in News by 95.1% in the 2nd quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock valued at $28,000 after purchasing an additional 506 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of News during the 3rd quarter worth about $39,000. Innealta Capital LLC purchased a new stake in shares of News during the second quarter worth about $46,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of News in the third quarter valued at approximately $79,000. Hedge funds and other institutional investors own 66.97% of the company’s stock.

News Company Profile

(Get Free Report)

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.

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