News Corp. (NASDAQ:NWS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Saturday.

According to Zacks, “News Corp. provides media and information services. It is focused on creating and distributing authoritative and engaging content to consumers. The company’s business comprises of media, which includes news and information services, sports programming primarily in Australia, digital real estate services, book publishing, digital education and pay-TV distribution primarily in Australia. It operates primarily in the United States, Australia and the United Kingdom. News Corp. is headquartered in New York. “

Other equities analysts have also recently issued research reports about the company. TheStreet raised News Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, August 9th. Bank of America Corp. cut News Corp. from a “neutral” rating to an “underperform” rating in a report on Thursday, October 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $18.00.

Shares of News Corp. (NASDAQ:NWS) opened at 12.10 on Friday. The stock’s market cap is $7.03 billion. News Corp. has a one year low of $10.73 and a one year high of $15.22. The company has a 50-day moving average price of $12.87 and a 200 day moving average price of $13.05.

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In other News Corp. news, CFO Bedi Ajay Singh sold 29,857 shares of the company’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $14.39, for a total transaction of $429,642.23. Following the transaction, the chief financial officer now directly owns 33,667 shares in the company, valued at $484,468.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 39.40% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the stock. Emerald Acquisition Ltd. acquired a new position in News Corp. during the second quarter valued at approximately $4,596,000. Cornerstone Capital Management Holdings LLC. raised its position in News Corp. by 1,557.6% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 384,823 shares of the company’s stock valued at $5,471,000 after buying an additional 361,608 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in News Corp. by 12.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,873,993 shares of the company’s stock valued at $40,868,000 after buying an additional 327,643 shares during the period. Principal Financial Group Inc. raised its position in News Corp. by 201.7% in the third quarter. Principal Financial Group Inc. now owns 485,759 shares of the company’s stock valued at $6,907,000 after buying an additional 324,754 shares during the period. Finally, Wells Fargo & Company MN raised its position in News Corp. by 119.5% in the third quarter. Wells Fargo & Company MN now owns 579,635 shares of the company’s stock valued at $8,241,000 after buying an additional 315,521 shares during the period. Institutional investors and hedge funds own 9.63% of the company’s stock.

News Corp. Company Profile

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.

5 Day Chart for NASDAQ:NWS

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