Twenty-First Century Fox, Inc. (FOXA) Position Raised by GLG Partners LP
GLG Partners LP increased its position in shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) by 11.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,000 shares of the company’s stock after purchasing an additional 11,000 shares during the quarter. GLG Partners LP’s holdings in Twenty-First Century Fox were worth $3,117,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Grove Bank & Trust raised its position in Twenty-First Century Fox by 1,328.3% in the 2nd quarter. Grove Bank & Trust now owns 3,785 shares of the company’s stock valued at $107,000 after purchasing an additional 3,520 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Twenty-First Century Fox by 4.8% in the second quarter. State of Alaska Department of Revenue now owns 4,365 shares of the company’s stock worth $123,000 after purchasing an additional 200 shares in the last quarter. Global X Management Co. LLC boosted its stake in Twenty-First Century Fox by 26.5% in the first quarter. Global X Management Co. LLC now owns 4,657 shares of the company’s stock worth $151,000 after purchasing an additional 975 shares in the last quarter. Fifth Third Bancorp boosted its stake in Twenty-First Century Fox by 6.2% in the first quarter. Fifth Third Bancorp now owns 4,959 shares of the company’s stock worth $161,000 after purchasing an additional 291 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in Twenty-First Century Fox in the first quarter worth $167,000. 53.34% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently commented on FOXA shares. Jefferies Group LLC restated a “buy” rating and issued a $35.00 target price on shares of Twenty-First Century Fox in a research note on Tuesday, September 26th. Piper Jaffray Companies assumed coverage on Twenty-First Century Fox in a report on Friday, August 11th. They issued an “overweight” rating and a $35.00 price target for the company. KeyCorp reiterated a “buy” rating and set a $35.00 price target on shares of Twenty-First Century Fox in a research report on Sunday, September 10th. BMO Capital Markets set a $36.00 price target on shares of Twenty-First Century Fox and gave the stock a “buy” rating in a research report on Friday, June 16th. Finally, Credit Suisse Group reissued a “buy” rating on shares of Twenty-First Century Fox in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have issued a buy rating to the stock. Twenty-First Century Fox presently has an average rating of “Buy” and a consensus price target of $33.43.
Shares of Twenty-First Century Fox, Inc. (NASDAQ FOXA) traded down 0.470% during mid-day trading on Tuesday, hitting $26.475. 843,063 shares of the company were exchanged. The firm has a 50 day moving average of $26.96 and a 200 day moving average of $28.41. Twenty-First Century Fox, Inc. has a 12-month low of $24.22 and a 12-month high of $32.60. The company has a market capitalization of $49.01 billion, a price-to-earnings ratio of 16.693 and a beta of 1.26.
Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. Twenty-First Century Fox had a net margin of 10.36% and a return on equity of 22.46%. The firm had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.79 billion. During the same quarter last year, the business earned $0.45 EPS. The company’s revenue was up 1.5% compared to the same quarter last year. Equities research analysts forecast that Twenty-First Century Fox, Inc. will post $2.03 earnings per share for the current year.
The company also recently disclosed a semiannual dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Wednesday, September 13th will be paid a $0.18 dividend. This represents a dividend yield of 1.29%. The ex-dividend date is Tuesday, September 12th. Twenty-First Century Fox’s dividend payout ratio is currently 22.64%.
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Twenty-First Century Fox Profile
Twenty-First Century Fox, Inc is a media and entertainment company. The Company’s segments include Cable Network Programming; Television; Filmed Entertainment, and Other, Corporate and Eliminations. The Cable Network Programming segment produces and licenses news, business news, sports, general entertainment, factual entertainment and movie programming for distribution.
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