Separately, ValuEngine downgraded shares of News from a “hold” rating to a “sell” rating in a research note on Monday.
Shares of NASDAQ NWS traded up $0.22 during mid-day trading on Wednesday, reaching $14.38. The company had a trading volume of 637,360 shares, compared to its average volume of 669,391. The business’s 50-day moving average is $13.53 and its 200-day moving average is $13.68. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21. The stock has a market cap of $8.33 billion, a price-to-earnings ratio of 42.15 and a beta of 1.42. News has a 52 week low of $10.85 and a 52 week high of $15.01.
News (NASDAQ:NWS) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.04 earnings per share for the quarter. News had a negative net margin of 1.75% and a positive return on equity of 1.94%. The company had revenue of $2.34 billion during the quarter.
A number of large investors have recently made changes to their positions in NWS. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in News by 405.9% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,450 shares of the company’s stock worth $48,000 after purchasing an additional 2,768 shares during the period. Aperio Group LLC purchased a new stake in shares of News in the 2nd quarter worth $75,000. Tower Research Capital LLC TRC grew its position in shares of News by 838.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,418 shares of the company’s stock worth $92,000 after buying an additional 5,734 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of News during the 2nd quarter worth $152,000. Finally, Millennium Management LLC purchased a new position in shares of News during the third quarter valued at $163,000. 10.34% of the stock is currently owned by 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.
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