Rhumbline Advisers Reduces Position in Twenty-First Century Fox Inc (FOXA)
Rhumbline Advisers lessened its holdings in Twenty-First Century Fox Inc (NASDAQ:FOXA) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,846,983 shares of the company’s stock after selling 46,254 shares during the quarter. Rhumbline Advisers owned approximately 0.10% of Twenty-First Century Fox worth $85,571,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in FOXA. BlackRock Inc. grew its position in shares of Twenty-First Century Fox by 0.9% during the 2nd quarter. BlackRock Inc. now owns 60,065,374 shares of the company’s stock worth $2,984,648,000 after buying an additional 544,776 shares during the period. Egerton Capital UK LLP grew its position in shares of Twenty-First Century Fox by 93.4% during the 2nd quarter. Egerton Capital UK LLP now owns 26,833,499 shares of the company’s stock worth $1,333,357,000 after buying an additional 12,957,606 shares during the period. Morgan Stanley grew its position in Twenty-First Century Fox by 48.6% in the 2nd quarter. Morgan Stanley now owns 21,990,447 shares of the company’s stock valued at $1,092,706,000 after purchasing an additional 7,189,693 shares during the period. FMR LLC grew its position in Twenty-First Century Fox by 6.2% in the 2nd quarter. FMR LLC now owns 14,672,134 shares of the company’s stock valued at $729,058,000 after purchasing an additional 850,548 shares during the period. Finally, Findlay Park Partners LLP acquired a new stake in Twenty-First Century Fox in the 3rd quarter valued at $335,244,000. Hedge funds and other institutional investors own 53.98% of the company’s stock.
FOXA opened at $47.93 on Thursday. The company has a current ratio of 2.45, a quick ratio of 1.96 and a debt-to-equity ratio of 0.84. The firm has a market cap of $89.05 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 2.96 and a beta of 1.21. Twenty-First Century Fox Inc has a 1 year low of $27.53 and a 1 year high of $50.15.
Several research firms recently issued reports on FOXA. Morgan Stanley lifted their price target on shares of Twenty-First Century Fox from $53.00 to $54.00 and gave the company an “overweight” rating in a research report on Thursday, November 8th. Pivotal Research reissued a “hold” rating and issued a $45.00 price target on shares of Twenty-First Century Fox in a research report on Thursday, November 8th. UBS Group downgraded shares of Twenty-First Century Fox from a “buy” rating to a “neutral” rating and set a $39.00 price target for the company. in a research report on Friday, July 20th. Evercore ISI began coverage on shares of Twenty-First Century Fox in a research report on Monday, November 5th. They issued an “outperform” rating and a $52.00 price target for the company. Finally, Barclays began coverage on shares of Twenty-First Century Fox in a research report on Friday, October 19th. They issued an “overweight” rating for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. Twenty-First Century Fox currently has a consensus rating of “Buy” and an average price target of $46.06.
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About Twenty-First Century Fox
Twenty-First Century Fox, Inc operates as a diversified media and entertainment company primarily in the United States and Canada, Europe, and internationally. It operates through Cable Network Programming, Television, and Filmed Entertainment segments. The company produces and licenses news, business news, sports, general entertainment, factual entertainment, and movie programming for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunication companies, and online video distributors.
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