BidaskClub downgraded shares of News (NASDAQ:NWS) from a buy rating to a hold rating in a research report sent to investors on Friday.

Separately, TheStreet upgraded News from a c+ rating to a b- rating in a research report on Wednesday, November 29th.

News (NASDAQ:NWS) opened at $16.60 on Friday. News has a 52-week low of $11.75 and a 52-week high of $17.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market capitalization of $9,525.85, a PE ratio of 37.16 and a beta of 1.95.

In other news, CFO Kevin Halpin sold 5,000 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $15.25, for a total value of $76,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 24,855 shares of company stock valued at $385,752 over the last quarter. Company insiders own 39.40% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. CIBC Asset Management Inc boosted its holdings in News by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 10,360 shares of the company’s stock valued at $147,000 after acquiring an additional 35 shares during the period. Utah Retirement Systems raised its position in News by 0.5% during the 2nd quarter. Utah Retirement Systems now owns 22,200 shares of the company’s stock valued at $314,000 after purchasing an additional 100 shares during the last quarter. Retirement Systems of Alabama raised its position in News by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 58,073 shares of the company’s stock valued at $822,000 after purchasing an additional 172 shares during the last quarter. Advisors Asset Management Inc. raised its position in News by 3.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 11,210 shares of the company’s stock valued at $159,000 after purchasing an additional 425 shares during the last quarter. Finally, Aviva PLC raised its position in News by 1.6% during the 2nd quarter. Aviva PLC now owns 67,508 shares of the company’s stock valued at $954,000 after purchasing an additional 1,070 shares during the last quarter. Institutional investors own 9.51% of the company’s stock.

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News 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.

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