Loop Capital Lowers News (NASDAQ:NWSA) Price Target to $41.00

News (NASDAQ:NWSA) had its price target lowered by Loop Capital from $44.00 to $41.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Loop Capital’s price objective would suggest a potential upside of 47.16% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. Guggenheim boosted their target price on News from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. StockNews.com lowered shares of News from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.33.

News Trading Up 0.9 %

News stock opened at $27.86 on Monday. The firm has a market cap of $15.84 billion, a price-to-earnings ratio of 44.94 and a beta of 1.35. News has a 1 year low of $22.65 and a 1 year high of $30.03. The firm’s 50 day moving average price is $28.21 and its two-hundred day moving average price is $27.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38.

Institutional Investors Weigh In On News

Hedge funds have recently bought and sold shares of the business. Barclays PLC increased its holdings in shares of News by 124.0% in the 3rd quarter. Barclays PLC now owns 14,713,823 shares of the company’s stock valued at $391,832,000 after purchasing an additional 8,144,856 shares during the period. Whale Rock Capital Management LLC purchased a new stake in News in the 3rd quarter worth approximately $44,585,000. State Street Corp boosted its stake in shares of News by 6.1% during the 3rd quarter. State Street Corp now owns 25,799,596 shares of the company’s stock valued at $689,397,000 after buying an additional 1,476,224 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of News by 1,815.4% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,413,158 shares of the company’s stock valued at $37,632,000 after acquiring an additional 1,339,379 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of News by 230.1% in the third quarter. Bank of Montreal Can now owns 1,092,506 shares of the company’s stock worth $28,951,000 after acquiring an additional 761,524 shares during the last quarter. 66.97% of the stock is owned by hedge funds and other institutional investors.

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.