Traders Sell Shares of Twenty-First Century Fox Inc. (FOXA) on Strength (FOXA)
Investors sold shares of Twenty-First Century Fox Inc. (NASDAQ:FOXA) on strength during trading hours on Friday. $32.50 million flowed into the stock on the tick-up and $70.72 million flowed out of the stock on the tick-down, for a money net flow of $38.22 million out of the stock. Of all stocks tracked, Twenty-First Century Fox had the 0th highest net out-flow for the day. Twenty-First Century Fox traded up $0.07 for the day and closed at $25.15
A number of analysts have recently issued reports on FOXA shares. Wedbush reiterated an “outperform” rating and set a $34.00 target price (up previously from $33.00) on shares of Twenty-First Century Fox in a report on Monday, April 25th. TheStreet upgraded Twenty-First Century Fox from a “hold” rating to a “buy” rating in a report on Monday, April 25th. Goldman Sachs Group Inc. boosted their target price on Twenty-First Century Fox from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, May 5th. Telsey Advisory Group decreased their target price on Twenty-First Century Fox from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, May 5th. Finally, Topeka Capital Markets boosted their target price on Twenty-First Century Fox from $27.00 to $28.00 and gave the stock a “hold” rating in a report on Thursday, May 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nineteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $31.99.
The firm has a market cap of $46.84 billion and a P/E ratio of 17.76. The company’s 50-day moving average price is $26.66 and its 200 day moving average price is $27.89.
Twenty-First Century Fox (NASDAQ:FOXA) last released its earnings results on Wednesday, August 3rd. The company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.08. The business earned $6.65 billion during the quarter, compared to analyst estimates of $6.68 billion. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business earned $0.39 EPS. On average, equities research analysts predict that Twenty-First Century Fox Inc. will post $1.93 EPS for the current fiscal year.
A number of hedge funds have added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its stake in Twenty-First Century Fox by 65.7% in the fourth quarter. Victory Capital Management Inc. now owns 41,282 shares of the company’s stock worth $1,121,000 after buying an additional 16,371 shares during the period. US Bancorp DE raised its stake in Twenty-First Century Fox by 12.3% in the fourth quarter. US Bancorp DE now owns 50,988 shares of the company’s stock worth $1,385,000 after buying an additional 5,596 shares during the period. Bridgewater Associates LP acquired a new stake in Twenty-First Century Fox during the fourth quarter worth about $2,055,000. Bank of Montreal Can raised its stake in Twenty-First Century Fox by 35.6% in the fourth quarter. Bank of Montreal Can now owns 501,362 shares of the company’s stock worth $13,616,000 after buying an additional 131,556 shares during the period. Finally, Schroder Investment Management Group raised its stake in Twenty-First Century Fox by 30.7% in the fourth quarter. Schroder Investment Management Group now owns 690,070 shares of the company’s stock worth $18,742,000 after buying an additional 162,109 shares during the period.
Twenty-First Century Fox, Inc is a media and entertainment company. The Company operates through segments: Cable Network Programming, Television, Filmed Entertainment, and Other, Corporate and Eliminations. 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, telecommunications companies and online video distributors in the United States and internationally.
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