DnB Asset Management AS Increases Stake in Twenty-First Century Fox Inc (FOXA)
DnB Asset Management AS grew its holdings in shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) by 25.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 142,850 shares of the company’s stock after buying an additional 28,800 shares during the period. DnB Asset Management AS’s holdings in Twenty-First Century Fox were worth $4,933,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in FOXA. Mint Tower Capital Management B.V. bought a new position in Twenty-First Century Fox in the 3rd quarter worth about $110,000. Rockefeller Financial Services Inc. bought a new position in Twenty-First Century Fox in the 3rd quarter worth about $113,000. Zions Bancorporation boosted its stake in Twenty-First Century Fox by 86.4% in the 3rd quarter. Zions Bancorporation now owns 4,911 shares of the company’s stock worth $130,000 after purchasing an additional 2,276 shares in the last quarter. Tiedemann Wealth Management LLC bought a new position in Twenty-First Century Fox in the 3rd quarter worth about $148,000. Finally, Stelac Advisory Services LLC bought a new position in Twenty-First Century Fox in the 3rd quarter worth about $150,000. Hedge funds and other institutional investors own 54.41% of the company’s stock.
FOXA has been the topic of a number of analyst reports. Credit Suisse Group reiterated an “outperform” rating and issued a $35.00 price target (down previously from $37.00) on shares of Twenty-First Century Fox in a research note on Thursday, October 12th. Piper Jaffray Companies set a $40.00 price target on shares of Twenty-First Century Fox and gave the stock a “buy” rating in a research note on Saturday, December 16th. KeyCorp reiterated a “buy” rating and issued a $35.00 price target on shares of Twenty-First Century Fox in a research note on Sunday, November 19th. Rosenblatt Securities reiterated a “buy” rating and issued a $40.00 price target on shares of Twenty-First Century Fox in a research note on Monday, December 4th. Finally, Pivotal Research cut shares of Twenty-First Century Fox from a “buy” rating to a “hold” rating and upped their target price for the company from $37.00 to $38.00 in a research note on Tuesday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Twenty-First Century Fox has a consensus rating of “Hold” and a consensus target price of $35.84.
Twenty-First Century Fox Inc (NASDAQ FOXA) opened at $36.73 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.73 and a current ratio of 2.08. The stock has a market cap of $67,061.52, a PE ratio of 18.85, a price-to-earnings-growth ratio of 2.19 and a beta of 1.34. Twenty-First Century Fox Inc has a one year low of $24.81 and a one year high of $36.96.
Twenty-First Century Fox (NASDAQ:FOXA) last posted its earnings results on Wednesday, November 8th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Twenty-First Century Fox had a net margin of 10.30% and a return on equity of 21.41%. The business had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.80 billion. During the same quarter in the prior year, the business earned $0.51 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. equities research analysts forecast that Twenty-First Century Fox Inc will post 1.98 earnings per share for the current fiscal year.
Twenty-First Century Fox Profile
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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