News (NASDAQ:NWS) Hits New 1-Year High – Should You Buy?

News Co. (NASDAQ:NWS) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $32.87 and last traded at $32.79, with a volume of 719132 shares changing hands. The stock had previously closed at $32.24.

Analysts Set New Price Targets

Separately, Loop Capital upgraded News to a “strong-buy” rating in a report on Tuesday, September 10th.

News Stock Up 1.7 %

The company has a 50-day moving average of $29.45 and a 200-day moving average of $28.57. The company has a market capitalization of $18.65 billion, a price-to-earnings ratio of 52.89 and a beta of 1.38. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30.

Institutional Trading of News

Large investors have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. boosted its stake in shares of News by 4.6% in the third quarter. Daiwa Securities Group Inc. now owns 7,986 shares of the company’s stock worth $223,000 after buying an additional 348 shares during the last quarter. Dorsey Wright & Associates boosted its position in News by 0.4% during the second quarter. Dorsey Wright & Associates now owns 108,906 shares of the company’s stock worth $3,092,000 after purchasing an additional 409 shares in the last quarter. Stifel Financial Corp boosted its position in News by 1.8% during the third quarter. Stifel Financial Corp now owns 27,063 shares of the company’s stock worth $756,000 after purchasing an additional 479 shares in the last quarter. QRG Capital Management Inc. boosted its position in News by 1.4% during the second quarter. QRG Capital Management Inc. now owns 35,065 shares of the company’s stock worth $995,000 after purchasing an additional 486 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in News by 11.7% during the third quarter. GAMMA Investing LLC now owns 6,061 shares of the company’s stock worth $169,000 after purchasing an additional 634 shares in the last quarter. Hedge funds and other institutional investors own 14.63% of the company’s stock.

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.