News (NASDAQ:NWSA) Coverage Initiated by Analysts at Citigroup

Citigroup began coverage on shares of News (NASDAQ:NWSA) in a report released on Friday, MarketBeat Ratings reports. The firm issued a buy rating and a $36.00 target price on the stock.

Several other equities analysts also recently commented on the stock. Loop Capital cut their target price on shares of News from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Guggenheim raised their price objective on shares of News from $36.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, StockNews.com upgraded shares of News from a “hold” rating to a “buy” rating in a research note on Thursday, December 26th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $38.50.

News Trading Down 1.8 %

NWSA opened at $26.98 on Friday. The business has a fifty day simple moving average of $28.56 and a 200-day simple moving average of $27.55. News has a 52 week low of $22.65 and a 52 week high of $30.03. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30. The firm has a market cap of $15.34 billion, a P/E ratio of 43.52 and a beta of 1.35.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC grew its position 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 buying an additional 506 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of News during the third quarter worth about $39,000. ORG Wealth Partners LLC acquired a new stake in News in the third quarter valued at about $79,000. Wilmington Savings Fund Society FSB purchased a new stake in News in the 3rd quarter valued at approximately $85,000. Finally, Exchange Traded Concepts LLC increased its position in News by 1,419.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 5,045 shares of the company’s stock worth $134,000 after purchasing an additional 4,713 shares during the period. 66.97% of the stock is currently owned by institutional investors and hedge funds.

News Company Profile

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.