Brokerages Set News Co. (NASDAQ:NWSA) PT at $38.67

Shares of News Co. (NASDAQ:NWSA) have received a consensus rating of “Buy” from the four ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $40.33.

NWSA has been the subject of a number of research reports. StockNews.com upgraded shares of News from a “hold” rating to a “buy” rating in a research note on Tuesday. Loop Capital raised their price objective on shares of News from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Guggenheim upped their target price on News from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers grew its position in News by 26.1% during the first quarter. Cetera Investment Advisers now owns 61,915 shares of the company’s stock worth $1,621,000 after buying an additional 12,831 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of News in the first quarter worth $261,000. CWM LLC raised its stake in News by 7.8% in the second quarter. CWM LLC now owns 7,339 shares of the company’s stock valued at $202,000 after purchasing an additional 532 shares in the last quarter. SG Americas Securities LLC lifted its position in News by 192.4% during the second quarter. SG Americas Securities LLC now owns 206,254 shares of the company’s stock worth $5,686,000 after purchasing an additional 135,713 shares during the period. Finally, Gateway Investment Advisers LLC grew its stake in News by 72.3% during the second quarter. Gateway Investment Advisers LLC now owns 93,518 shares of the company’s stock worth $2,578,000 after buying an additional 39,241 shares in the last quarter. 66.97% of the stock is owned by institutional investors.

News Stock Down 1.3 %

NWSA opened at $28.61 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. The stock’s fifty day simple moving average is $28.00 and its 200 day simple moving average is $27.46. News has a 1-year low of $22.65 and a 1-year high of $30.03. The stock has a market cap of $16.27 billion, a PE ratio of 46.15 and a beta of 1.35.

About News

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.