Comerica Bank decreased its stake in shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) by 19.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 195,498 shares of the company’s stock after selling 48,114 shares during the period. Comerica Bank’s holdings in Twenty-First Century Fox were worth $8,921,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Egerton Capital UK LLP lifted its holdings in Twenty-First Century Fox by 93.4% during the second quarter. Egerton Capital UK LLP now owns 26,833,499 shares of the company’s stock worth $1,333,357,000 after acquiring an additional 12,957,606 shares during the period. Morgan Stanley lifted its holdings in Twenty-First Century Fox by 48.6% during the second quarter. Morgan Stanley now owns 21,990,447 shares of the company’s stock worth $1,092,706,000 after acquiring an additional 7,189,693 shares during the period. Senator Investment Group LP bought a new stake in Twenty-First Century Fox during the second quarter worth $238,415,000. Arrowgrass Capital Partners US LP bought a new stake in Twenty-First Century Fox during the second quarter worth $147,582,000. Finally, Numen Capital LLP bought a new stake in Twenty-First Century Fox during the second quarter worth $98,496,000. 53.99% of the stock is currently owned by institutional investors.
Twenty-First Century Fox stock opened at $48.16 on Friday. Twenty-First Century Fox Inc has a 52 week low of $27.53 and a 52 week high of $50.15. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.35 and a quick ratio of 1.90. The stock has a market cap of $87.37 billion, a P/E ratio of 24.45, a price-to-earnings-growth ratio of 2.85 and a beta of 1.21.
Twenty-First Century Fox (NASDAQ:FOXA) last posted its earnings results on Wednesday, November 7th. The company reported $0.52 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. Twenty-First Century Fox had a return on equity of 18.71% and a net margin of 14.68%. The business had revenue of $7.18 billion during the quarter, compared to analysts’ expectations of $7.23 billion. During the same period in the previous year, the business earned $0.49 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. As a group, equities research analysts predict that Twenty-First Century Fox Inc will post 2 earnings per share for the current fiscal year.
A number of brokerages recently commented on FOXA. Buckingham Research dropped their price target on Twenty-First Century Fox to $52.00 and set a “buy” rating on the stock in a report on Tuesday, August 7th. ValuEngine lowered Twenty-First Century Fox from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 28th. Cowen reiterated a “hold” rating and set a $49.00 price target on shares of Twenty-First Century Fox in a report on Sunday, August 12th. UBS Group lowered Twenty-First Century Fox from a “buy” rating to a “neutral” rating and set a $39.00 price target on the stock. in a report on Friday, July 20th. Finally, Barclays began coverage on Twenty-First Century Fox in a report on Friday, October 19th. They set an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. Twenty-First Century Fox currently has a consensus rating of “Buy” and a consensus target price of $46.06.
Twenty-First Century Fox Company Profile
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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