News (NASDAQ:NWS) Sets New 1-Year High – Time to Buy?

Shares of News Co. (NASDAQ:NWS) reached a new 52-week high on Tuesday . The company traded as high as $32.87 and last traded at $32.85, with a volume of 239614 shares. The stock had previously closed at $31.95.

Analysts Set New Price Targets

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

News Stock Down 0.8 %

The firm has a market cap of $18.74 billion, a price-to-earnings ratio of 53.16 and a beta of 1.38. The firm’s 50 day moving average price is $31.26 and its two-hundred day moving average price is $29.62. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26.

News (NASDAQ:NWS) last released its earnings results on Wednesday, February 5th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). News had a net margin of 3.49% and a return on equity of 4.76%.

Hedge Funds Weigh In On News

A number of large investors have recently modified their holdings of NWS. Wilmington Savings Fund Society FSB increased its holdings in News by 123.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 935 shares of the company’s stock valued at $28,000 after acquiring an additional 517 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of News by 136.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,217 shares of the company’s stock valued at $37,000 after acquiring an additional 702 shares during the last quarter. Blue Trust Inc. increased its position in News by 253.3% during the 3rd quarter. Blue Trust Inc. now owns 2,021 shares of the company’s stock worth $57,000 after purchasing an additional 1,449 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in News in the 3rd quarter valued at about $80,000. Finally, Asset Management One Co. Ltd. lifted its holdings in News by 22.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 2,668 shares of the company’s stock valued at $82,000 after purchasing an additional 497 shares in the last quarter. 14.63% 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.