News (NASDAQ:NWSA) Downgraded to C at TheStreet

News (NASDAQ:NWSA – Get Rating) was downgraded by investment analysts at TheStreet from a “b” rating to a “c” rating in a research report issued on Thursday, TheStreetRatingsTable reports.

Several other research analysts have also recently weighed in on NWSA. Zacks Investment Research cut News from a “strong-buy” rating to a “hold” rating and set a $21.00 price target for the company. in a research report on Monday, May 2nd. StockNews.com initiated coverage on News in a report on Thursday, March 31st. They issued a “buy” rating on the stock.

Shares of NASDAQ:NWSA opened at $17.11 on Thursday. News has a 52-week low of $16.53 and a 52-week high of $27.97. The stock has a market cap of $10.08 billion, a price-to-earnings ratio of 20.13 and a beta of 1.31. The company has a quick ratio of 1.35, a current ratio of 1.42 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $21.32 and a 200-day moving average price of $22.07.

News (NASDAQ:NWSA – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. News had a return on equity of 5.95% and a net margin of 4.94%. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period last year, the business posted $0.09 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, equities analysts anticipate that News will post 0.74 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of NWSA. Yacktman Asset Management LP boosted its stake in shares of News by 1.0% in the fourth quarter. Yacktman Asset Management LP now owns 16,195,304 shares of the company’s stock worth $361,317,000 after acquiring an additional 163,380 shares during the last quarter. Burgundy Asset Management Ltd. boosted its stake in shares of News by 7.3% in the fourth quarter. Burgundy Asset Management Ltd. now owns 12,808,257 shares of the company’s stock worth $285,752,000 after acquiring an additional 874,243 shares during the last quarter. Contour Asset Management LLC lifted its position in News by 31.8% during the fourth quarter. Contour Asset Management LLC now owns 12,156,933 shares of the company’s stock worth $271,221,000 after buying an additional 2,934,958 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in News by 1.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 10,364,821 shares of the company’s stock worth $243,884,000 after buying an additional 110,087 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in News by 5.5% during the third quarter. Geode Capital Management LLC now owns 8,394,908 shares of the company’s stock worth $197,101,000 after buying an additional 435,508 shares in the last quarter. 63.98% of the stock is currently owned by institutional investors.

News Company Profile (Get Rating)

News Corporation, a media and information services company, focuses on creating and distributing content for consumers and businesses worldwide. It operates in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, 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 Investor's Business Daily through various media channels, such as newspapers, newswires, websites, applications for mobile devices, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, videos, and podcasts.

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