Separately, ValuEngine downgraded shares of News from a hold rating to a sell rating in a research note on Monday, December 16th.
NWS opened at $15.23 on Friday. The firm has a market capitalization of $8.96 billion, a PE ratio of -50.77 and a beta of 1.44. News has a 52-week low of $11.38 and a 52-week high of $15.36. The business’s 50-day simple moving average is $14.23 and its 200 day simple moving average is $13.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.09.
News (NASDAQ:NWS) last released its earnings results on Thursday, November 7th. The company reported $0.04 earnings per share for the quarter. The business had revenue of $2.34 billion during the quarter. News had a negative net margin of 1.75% and a positive return on equity of 1.94%.
A number of hedge funds and other institutional investors have recently modified their holdings of NWS. FMR LLC boosted its stake in shares of News by 7.9% in the 1st quarter. FMR LLC now owns 17,149 shares of the company’s stock valued at $214,000 after purchasing an additional 1,254 shares in the last quarter. Wells Fargo & Company MN boosted its stake in News by 38.4% during the second quarter. Wells Fargo & Company MN now owns 268,105 shares of the company’s stock worth $3,743,000 after acquiring an additional 74,435 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of News by 37.5% during the second quarter. Bank of Montreal Can now owns 45,490 shares of the company’s stock valued at $634,000 after purchasing an additional 12,397 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of News by 2.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 796,185 shares of the company’s stock worth $11,115,000 after purchasing an additional 18,819 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of News by 4.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 752,253 shares of the company’s stock valued at $10,501,000 after buying an additional 30,199 shares during the period. 10.37% of the stock is owned by hedge funds and other institutional investors.
News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.
Featured Story: Why is the price-sales ratio important?
Receive News & Ratings for News Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for News and related companies with MarketBeat.com's FREE daily email newsletter.