News (NASDAQ:NWS) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Friday.
Separately, TheStreet raised News from a “c+” rating to a “b-” rating in a research report on Wednesday, November 29th.
Shares of News (NASDAQ NWS) opened at $16.45 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $9,642.38, a P/E ratio of 37.61 and a beta of 1.95. News has a 52-week low of $11.75 and a 52-week high of $17.05.
In related news, CFO Kevin Halpin sold 5,000 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $15.25, for a total transaction of $76,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 24,855 shares of company stock valued at $385,752 over the last ninety days. 39.40% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in shares of News by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,569,343 shares of the company’s stock worth $22,206,000 after acquiring an additional 70,484 shares during the period. Independent Franchise Partners LLP boosted its holdings in shares of News by 21.3% in the third quarter. Independent Franchise Partners LLP now owns 1,452,147 shares of the company’s stock worth $19,821,000 after acquiring an additional 254,561 shares during the period. Gamco Investors INC. ET AL boosted its holdings in shares of News by 9.4% in the second quarter. Gamco Investors INC. ET AL now owns 794,554 shares of the company’s stock worth $11,243,000 after acquiring an additional 68,540 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in News by 4.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 595,990 shares of the company’s stock valued at $8,136,000 after buying an additional 23,315 shares during the period. Finally, First Quadrant L P CA boosted its stake in News by 16.4% during the third quarter. First Quadrant L P CA now owns 366,601 shares of the company’s stock valued at $5,004,000 after buying an additional 51,694 shares during the period. 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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