NINE MASTS CAPITAL Ltd cut its stake in shares of Twenty-First Century Fox, Inc. (NASDAQ:FOX) by 20.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,122,361 shares of the company’s stock after selling 279,893 shares during the quarter. Twenty-First Century Fox makes up 3.7% of NINE MASTS CAPITAL Ltd’s portfolio, making the stock its 9th largest holding. NINE MASTS CAPITAL Ltd owned about 0.06% of Twenty-First Century Fox worth $31,280,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cleararc Capital Inc. lifted its holdings in shares of Twenty-First Century Fox by 0.5% during the first quarter. Cleararc Capital Inc. now owns 11,890 shares of the company’s stock valued at $378,000 after acquiring an additional 62 shares during the period. Advantus Capital Management Inc increased its stake in shares of Twenty-First Century Fox by 0.3% in the first quarter. Advantus Capital Management Inc now owns 48,954 shares of the company’s stock valued at $1,556,000 after buying an additional 169 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Twenty-First Century Fox by 0.6% in the first quarter. HighTower Advisors LLC now owns 28,786 shares of the company’s stock valued at $914,000 after buying an additional 180 shares in the last quarter. HL Financial Services LLC increased its stake in shares of Twenty-First Century Fox by 1.1% in the first quarter. HL Financial Services LLC now owns 17,182 shares of the company’s stock valued at $546,000 after buying an additional 182 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Twenty-First Century Fox by 1.4% in the first quarter. Nordea Investment Management AB now owns 19,155 shares of the company’s stock valued at $609,000 after buying an additional 273 shares in the last quarter. 23.27% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on FOX shares. TheStreet lowered Twenty-First Century Fox from a “b” rating to a “c+” rating in a research note on Wednesday, May 24th. Zacks Investment Research upgraded Twenty-First Century Fox from a “sell” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Tuesday, June 13th. Finally, BidaskClub upgraded Twenty-First Century Fox from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $33.00.

Shares of Twenty-First Century Fox, Inc. (NASDAQ:FOX) traded up 2.50% during mid-day trading on Friday, hitting $26.65. The stock had a trading volume of 11,345,072 shares. The company has a market capitalization of $49.33 billion, a P/E ratio of 16.80 and a beta of 1.20. Twenty-First Century Fox, Inc. has a 1-year low of $24.09 and a 1-year high of $31.94. The stock’s 50-day moving average price is $27.07 and its 200 day moving average price is $28.31.

Twenty-First Century Fox (NASDAQ:FOX) last issued its earnings results on Wednesday, August 9th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Twenty-First Century Fox had a return on equity of 22.47% and a net margin of 10.36%. The firm had revenue of $6.75 billion during the quarter. During the same period in the previous year, the firm posted $0.45 earnings per share. On average, analysts predict that Twenty-First Century Fox, Inc. will post $2.07 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th will be issued a $0.18 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $0.72 dividend on an annualized basis and a yield of 2.70%. Twenty-First Century Fox’s payout ratio is presently 22.64%.

In other Twenty-First Century Fox news, CEO James R. Murdoch sold 111,713 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $27.94, for a total value of $3,121,261.22. Following the completion of the transaction, the chief executive officer now owns 234,236 shares of the company’s stock, valued at approximately $6,544,553.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David F. Devoe sold 30,149 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $28.01, for a total value of $844,473.49. Following the completion of the transaction, the director now directly owns 55,647 shares of the company’s stock, valued at approximately $1,558,672.47. The disclosure for this sale can be found here. 39.40% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION NOTICE: This news story was posted by Daily Political and is owned by of Daily Political. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The correct version of this news story can be viewed at https://www.dailypolitical.com/2017/09/16/nine-masts-capital-ltd-cuts-holdings-in-twenty-first-century-fox-inc-fox.html.

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.

Want to see what other hedge funds are holding FOX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twenty-First Century Fox, Inc. (NASDAQ:FOX).

Institutional Ownership by Quarter for Twenty-First Century Fox (NASDAQ:FOX)

Receive News & Ratings for Twenty-First Century Fox Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twenty-First Century Fox Inc. and related companies with MarketBeat.com's FREE daily email newsletter.