Rockshelter Capital Management LLC lowered its position in Twenty-First Century Fox, Inc. (NASDAQ:FOXA) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 379,117 shares of the company’s stock after selling 9,735 shares during the quarter. Twenty-First Century Fox accounts for approximately 3.3% of Rockshelter Capital Management LLC’s holdings, making the stock its 15th biggest holding. Rockshelter Capital Management LLC’s holdings in Twenty-First Century Fox were worth $10,744,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its stake in shares of Twenty-First Century Fox by 4.8% during the second quarter. State of Alaska Department of Revenue now owns 4,365 shares of the company’s stock valued at $123,000 after acquiring an additional 200 shares during the last quarter. Midwest Investment Management LLC boosted its stake in shares of Twenty-First Century Fox by 0.3% during the second quarter. Midwest Investment Management LLC now owns 65,566 shares of the company’s stock valued at $1,858,000 after acquiring an additional 200 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Twenty-First Century Fox by 0.5% during the second quarter. Nordea Investment Management AB now owns 55,238 shares of the company’s stock valued at $1,565,000 after acquiring an additional 282 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Twenty-First Century Fox by 6.2% during the first quarter. Fifth Third Bancorp now owns 4,959 shares of the company’s stock valued at $161,000 after acquiring an additional 291 shares during the last quarter. Finally, Level Four Advisory Services LLC boosted its stake in shares of Twenty-First Century Fox by 1.2% during the first quarter. Level Four Advisory Services LLC now owns 27,557 shares of the company’s stock valued at $865,000 after acquiring an additional 314 shares during the last quarter. Institutional investors and hedge funds own 53.34% of the company’s stock.

Twenty-First Century Fox, Inc. (NASDAQ:FOXA) traded down 2.28% during trading on Wednesday, hitting $26.16. The stock had a trading volume of 8,550,760 shares. The firm has a market cap of $27.57 billion, a price-to-earnings ratio of 96.89 and a beta of 1.26. Twenty-First Century Fox, Inc. has a 1-year low of $24.22 and a 1-year high of $32.60. The firm’s 50 day moving average is $26.81 and its 200 day moving average is $28.23.

Twenty-First Century Fox (NASDAQ:FOXA) last issued its earnings results on Wednesday, August 9th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Twenty-First Century Fox had a return on equity of 22.46% and a net margin of 10.36%. The firm had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.79 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, analysts anticipate that Twenty-First Century Fox, Inc. will post $2.03 earnings per share for the current year.

The company also recently announced a semiannual dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a yield of 1.29%. Twenty-First Century Fox’s dividend payout ratio (DPR) is currently 22.64%.

FOXA has been the topic of a number of analyst reports. Credit Suisse Group reaffirmed a “buy” rating on shares of Twenty-First Century Fox in a research note on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $35.00 price objective on shares of Twenty-First Century Fox in a research note on Saturday, July 22nd. Guggenheim reaffirmed a “buy” rating and set a $35.00 price objective on shares of Twenty-First Century Fox in a research note on Wednesday, July 12th. BMO Capital Markets set a $36.00 price objective on Twenty-First Century Fox and gave the company a “buy” rating in a research note on Friday, June 16th. Finally, ValuEngine raised Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have assigned a buy rating to the company. Twenty-First Century Fox currently has an average rating of “Buy” and a consensus price target of $33.45.

WARNING: This news story was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The original version of this news story can be read at https://www.thecerbatgem.com/2017/10/11/twenty-first-century-fox-inc-foxa-shares-sold-by-rockshelter-capital-management-llc.html.

About Twenty-First Century Fox

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.

Want to see what other hedge funds are holding FOXA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twenty-First Century Fox, Inc. (NASDAQ:FOXA).

Institutional Ownership by Quarter for Twenty-First Century Fox (NASDAQ:FOXA)

Receive News & Stock Ratings for Twenty-First Century Fox Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twenty-First Century Fox Inc. and related stocks with our FREE daily email newsletter.