News (NASDAQ:NWS) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c+” rating in a note issued to investors on Monday.
Separately, BidaskClub upgraded News from a “sell” rating to a “hold” rating in a report on Saturday, November 11th.
News (NASDAQ NWS) opened at $16.55 on Monday. News has a 1-year low of $12.50 and a 1-year high of $17.70. The company has a current ratio of 1.64, a quick ratio of 1.56 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $9,409.33, a PE ratio of -21.49 and a beta of 1.90.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mint Tower Capital Management B.V. bought a new stake in News in the 3rd quarter valued at approximately $120,000. Nomura Holdings Inc. lifted its stake in News by 111.7% in the 2nd quarter. Nomura Holdings Inc. now owns 9,100 shares of the company’s stock valued at $129,000 after acquiring an additional 4,802 shares in the last quarter. ING Groep NV bought a new stake in News in the 3rd quarter valued at approximately $144,000. Amalgamated Bank bought a new stake in News in the 2nd quarter valued at approximately $193,000. Finally, BB&T Corp lifted its stake in News by 29.4% in the 4th quarter. BB&T Corp now owns 15,924 shares of the company’s stock valued at $264,000 after acquiring an additional 3,619 shares in the last quarter. Hedge funds and other institutional investors own 9.46% of the company’s stock.
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News Company Profile
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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