News (NASDAQ:NWS) Hits New 1-Year High – Should You Buy?

News Co. (NASDAQ:NWS)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $32.87 and last traded at $32.85, with a volume of 239614 shares trading hands. The stock had previously closed at $31.95.

Wall Street Analysts Forecast Growth

Separately, Seaport Res Ptn raised shares of News to a “strong-buy” rating in a research note on Friday, January 31st.

News Price Performance

The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26. The stock has a market cap of $18.74 billion, a price-to-earnings ratio of 53.16 and a beta of 1.38. The stock has a fifty day moving average of $31.26 and a 200 day moving average of $29.62.

News (NASDAQ:NWS) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). News had a return on equity of 4.76% and a net margin of 3.49%.

Institutional Investors Weigh In On News

Institutional investors have recently made changes to their positions in the stock. Daiwa Securities Group Inc. increased its stake in News by 4.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 7,986 shares of the company’s stock worth $223,000 after buying an additional 348 shares during the period. Blue Trust Inc. boosted its holdings in News by 253.3% in the third quarter. Blue Trust Inc. now owns 2,021 shares of the company’s stock valued at $57,000 after purchasing an additional 1,449 shares during the period. JPMorgan Chase & Co. grew its stake in News by 101.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 496,926 shares of the company’s stock worth $13,889,000 after purchasing an additional 249,659 shares in the last quarter. GAMMA Investing LLC increased its holdings in News by 28.5% during the 4th quarter. GAMMA Investing LLC now owns 7,790 shares of the company’s stock worth $237,000 after purchasing an additional 1,729 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of News by 1.9% in the 3rd quarter. Principal Financial Group Inc. now owns 137,034 shares of the company’s stock valued at $3,830,000 after buying an additional 2,609 shares during the period. 14.63% of the stock is currently owned by institutional investors and hedge funds.

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.