News (NWS) Lowered to C+ at TheStreet
News (NASDAQ:NWS) was downgraded by equities researchers at TheStreet from a “b-” rating to a “c+” rating in a research note issued on Monday.
Separately, BidaskClub lowered News from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th.
Shares of News (NASDAQ NWS) opened at $16.55 on Monday. The firm has a market capitalization of $9,409.33, a P/E ratio of -21.49 and a beta of 1.90. News has a 52 week low of $12.50 and a 52 week high of $17.70. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.56 and a current ratio of 1.64.
A number of hedge funds have recently made changes to their positions in NWS. Mint Tower Capital Management B.V. purchased a new stake in News in the third quarter worth $120,000. Nomura Holdings Inc. lifted its stake in News by 111.7% in the second quarter. Nomura Holdings Inc. now owns 9,100 shares of the company’s stock worth $129,000 after acquiring an additional 4,802 shares during the period. ING Groep NV purchased a new stake in News in the third quarter worth $144,000. Amalgamated Bank purchased a new stake in News in the second quarter worth $193,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in News in the third quarter worth $230,000. 9.46% of the stock is owned by institutional investors.
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News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.
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