News (NASDAQ:NWS) Stock Crosses Above 200-Day Moving Average – What’s Next?

News Corporation (NASDAQ:NWS)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $28.98 and traded as high as $30.68. News shares last traded at $30.68, with a volume of 1,385,505 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Zacks Research lowered shares of News from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Weiss Ratings lowered shares of News from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 6th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

News Trading Up 2.9%

The company has a current ratio of 1.70, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. The business’s 50-day moving average is $29.44 and its two-hundred day moving average is $28.98. The firm has a market cap of $16.80 billion, a P/E ratio of 15.26 and a beta of 0.87.

News (NASDAQ:NWS) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. News had a net margin of 12.92% and a return on equity of 6.12%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.12 billion. As a group, analysts expect that News Corporation will post 0.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NWS. Royal Bank of Canada grew its position in News by 25.8% in the 1st quarter. Royal Bank of Canada now owns 64,630 shares of the company’s stock worth $1,962,000 after purchasing an additional 13,253 shares during the last quarter. AQR Capital Management LLC grew its position in News by 44.2% in the 1st quarter. AQR Capital Management LLC now owns 26,873 shares of the company’s stock worth $816,000 after purchasing an additional 8,241 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in News by 10.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,071 shares of the company’s stock worth $215,000 after purchasing an additional 655 shares during the last quarter. Goldman Sachs Group Inc. grew its position in News by 1.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 307,560 shares of the company’s stock worth $9,341,000 after purchasing an additional 5,285 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in News in the 1st quarter worth about $287,000. Institutional investors own 14.63% of the company’s stock.

News Company Profile

News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.