Hartford Investment Management Co. cut its stake in Twenty-First Century Fox, Inc. (NASDAQ:FOXA) by 3.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 257,523 shares of the company’s stock after selling 9,959 shares during the period. Hartford Investment Management Co.’s holdings in Twenty-First Century Fox were worth $7,298,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of FOXA. Israel Discount Bank of New York purchased a new position in shares of Twenty-First Century Fox during the first quarter valued at about $828,000. Atria Investments LLC boosted its position in shares of Twenty-First Century Fox by 9.3% in the first quarter. Atria Investments LLC now owns 16,444 shares of the company’s stock valued at $533,000 after buying an additional 1,403 shares during the period. Beese Fulmer Investment Management Inc. boosted its position in shares of Twenty-First Century Fox by 6.8% in the first quarter. Beese Fulmer Investment Management Inc. now owns 154,698 shares of the company’s stock valued at $5,011,000 after buying an additional 9,799 shares during the period. Balasa Dinverno & Foltz LLC purchased a new position in shares of Twenty-First Century Fox during the first quarter valued at about $203,000. Finally, Jennison Associates LLC boosted its position in shares of Twenty-First Century Fox by 18.2% in the first quarter. Jennison Associates LLC now owns 3,130,885 shares of the company’s stock valued at $101,409,000 after buying an additional 481,497 shares during the period. 53.76% of the stock is owned by institutional investors and hedge funds.
Shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) traded down 0.88% during mid-day trading on Friday, reaching $29.37. 9,035,353 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $27.95 and its 200-day moving average price is $29.46. Twenty-First Century Fox, Inc. has a one year low of $23.33 and a one year high of $32.60. The company has a market capitalization of $54.36 billion, a PE ratio of 18.06 and a beta of 1.27.
Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings results on Wednesday, May 10th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. Twenty-First Century Fox had a net margin of 10.72% and a return on equity of 24.40%. The company had revenue of $7.56 billion during the quarter, compared to analyst estimates of $7.63 billion. During the same period last year, the firm posted $0.47 EPS. Twenty-First Century Fox’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities analysts expect that Twenty-First Century Fox, Inc. will post $1.93 earnings per share for the current year.
Several research analysts have issued reports on FOXA shares. ValuEngine raised shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating in a report on Thursday, May 11th. Rosenblatt Securities raised shares of Twenty-First Century Fox from a “neutral” rating to a “buy” rating and set a $33.00 target price for the company in a report on Thursday, May 11th. Instinet reaffirmed a “buy” rating and issued a $37.00 target price on shares of Twenty-First Century Fox in a report on Sunday, April 2nd. Guggenheim reaffirmed a “buy” rating and issued a $35.00 target price (up from $34.00) on shares of Twenty-First Century Fox in a report on Friday, April 14th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Twenty-First Century Fox in a report on Tuesday, April 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. Twenty-First Century Fox has an average rating of “Buy” and a consensus price target of $33.45.
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.
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