Shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) rose 6.5% on Friday after Pivotal Research raised their price target on the stock from $35.00 to $37.00. Pivotal Research currently has a buy rating on the stock. Twenty-First Century Fox traded as high as $35.15 and last traded at $34.88. Approximately 55,597,598 shares changed hands during trading, an increase of 502% from the average daily volume of 9,237,952 shares. The stock had previously closed at $32.75.

A number of other equities analysts also recently commented on the stock. Guggenheim reissued a “buy” rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a research note on Tuesday, October 10th. Piper Jaffray Companies set a $35.00 price objective on shares of Twenty-First Century Fox and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Jefferies Group reissued a “buy” rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a research note on Tuesday, September 26th. KeyCorp reissued a “buy” rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a research note on Sunday, September 10th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a research note on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $34.44.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FOXA. Bessemer Group Inc. grew its holdings in Twenty-First Century Fox by 41.8% in the second quarter. Bessemer Group Inc. now owns 9,675 shares of the company’s stock worth $274,000 after purchasing an additional 2,850 shares during the last quarter. Beach Investment Management LLC. purchased a new position in Twenty-First Century Fox in the second quarter worth $479,000. Global X Management Co. LLC grew its holdings in Twenty-First Century Fox by 9.7% in the second quarter. Global X Management Co. LLC now owns 5,108 shares of the company’s stock worth $145,000 after purchasing an additional 451 shares during the last quarter. First Trust Advisors LP grew its holdings in Twenty-First Century Fox by 0.3% in the second quarter. First Trust Advisors LP now owns 351,271 shares of the company’s stock worth $9,955,000 after purchasing an additional 996 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Twenty-First Century Fox by 0.4% in the second quarter. Legal & General Group Plc now owns 5,170,075 shares of the company’s stock worth $146,513,000 after purchasing an additional 20,426 shares during the last quarter. 54.50% of the stock is currently owned by institutional investors and hedge funds.

The stock has a market cap of $64,616.18, a price-to-earnings ratio of 18.17, a PEG ratio of 2.39 and a beta of 1.34. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.08 and a quick ratio of 1.73.

Twenty-First Century Fox (NASDAQ:FOXA) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $7 billion for the quarter, compared to analyst estimates of $6.80 billion. Twenty-First Century Fox had a net margin of 10.30% and a return on equity of 21.41%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 earnings per share. equities research analysts forecast that Twenty-First Century Fox, Inc. will post 1.98 EPS for the current fiscal year.

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Twenty-First Century Fox Company 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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