Traders Sell Twenty-First Century Fox (FOXA) on Strength (FOXA)
Investors sold shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) on strength during trading on Thursday. $106.36 million flowed into the stock on the tick-up and $120.61 million flowed out of the stock on the tick-down, for a money net flow of $14.25 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 $0.49 for the day and closed at $45.11
FOXA has been the topic of several research analyst reports. B. Riley raised their target price on shares of Twenty-First Century Fox from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, June 21st. Zacks Investment Research upgraded shares of Twenty-First Century Fox from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Macquarie raised their target price on shares of Twenty-First Century Fox from $46.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, September 6th. UBS Group downgraded shares of Twenty-First Century Fox from a “buy” rating to a “neutral” rating and set a $39.00 target price on the stock. in a report on Friday, July 20th. Finally, Royal Bank of Canada downgraded shares of Twenty-First Century Fox from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from $45.00 to $49.00 in a report on Thursday, August 9th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $44.93.
The firm has a market capitalization of $85.83 billion, a P/E ratio of 23.03, a P/E/G ratio of 2.39 and a beta of 1.30. The company has a current ratio of 2.35, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89.
The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, October 17th. Stockholders of record on Wednesday, September 12th will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, September 11th. This represents a dividend yield of 0.79%. Twenty-First Century Fox’s dividend payout ratio is currently 18.27%.
Several large investors have recently added to or reduced their stakes in the stock. Arrowgrass Capital Partners US LP acquired a new stake in Twenty-First Century Fox during the 2nd quarter valued at $147,582,000. Silchester International Investors LLP lifted its holdings in Twenty-First Century Fox by 22.2% during the 2nd quarter. Silchester International Investors LLP now owns 90,673 shares of the company’s stock valued at $4,506,000 after purchasing an additional 16,467 shares during the last quarter. City Financial Investment Co Ltd acquired a new stake in Twenty-First Century Fox during the 2nd quarter valued at $8,895,000. Alpine Associates Management Inc. lifted its holdings in Twenty-First Century Fox by 5.4% during the 2nd quarter. Alpine Associates Management Inc. now owns 2,641,845 shares of the company’s stock valued at $128,762,000 after purchasing an additional 135,448 shares during the last quarter. Finally, Senator Investment Group LP acquired a new stake in Twenty-First Century Fox during the 2nd quarter valued at $238,415,000. 54.11% of the stock is owned by institutional investors and hedge funds.
Twenty-First Century Fox Company Profile (NASDAQ:FOXA)
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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