Teachers Retirement System of The State of Kentucky trimmed its holdings in Twenty-First Century Fox Inc (NASDAQ:FOXA) by 10.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,600 shares of the company’s stock after selling 11,500 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Twenty-First Century Fox were worth $4,800,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norinchukin Bank The increased its holdings in shares of Twenty-First Century Fox by 9.2% in the 3rd quarter. Norinchukin Bank The now owns 188,754 shares of the company’s stock valued at $8,745,000 after purchasing an additional 15,981 shares during the period. Redpoint Investment Management Pty Ltd increased its holdings in shares of Twenty-First Century Fox by 11.8% in the 3rd quarter. Redpoint Investment Management Pty Ltd now owns 86,869 shares of the company’s stock valued at $4,025,000 after purchasing an additional 9,193 shares during the period. Reaves W H & Co. Inc. increased its holdings in shares of Twenty-First Century Fox by 126.2% in the 3rd quarter. Reaves W H & Co. Inc. now owns 868,154 shares of the company’s stock valued at $40,222,000 after purchasing an additional 484,304 shares during the period. MML Investors Services LLC increased its holdings in shares of Twenty-First Century Fox by 28.7% in the 3rd quarter. MML Investors Services LLC now owns 10,850 shares of the company’s stock valued at $503,000 after purchasing an additional 2,420 shares during the period. Finally, Prudential Financial Inc. increased its holdings in shares of Twenty-First Century Fox by 43.0% in the 3rd quarter. Prudential Financial Inc. now owns 1,658,864 shares of the company’s stock valued at $76,856,000 after purchasing an additional 499,130 shares during the period. 55.42% of the stock is owned by institutional investors.

Several equities analysts have commented on FOXA shares. Barclays began coverage on Twenty-First Century Fox in a report on Friday, October 19th. They set an “overweight” rating on the stock. Morgan Stanley reissued an “overweight” rating and issued a $53.00 price objective on shares of Twenty-First Century Fox in a research report on Monday, October 15th. Macquarie increased their price objective on Twenty-First Century Fox from $46.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, September 6th. Royal Bank of Canada cut Twenty-First Century Fox from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $45.00 to $49.00 in a research report on Thursday, August 9th. They noted that the move was a valuation call. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $50.00 price objective on shares of Twenty-First Century Fox in a research report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $46.75.

Shares of FOXA stock opened at $48.57 on Wednesday. The firm has a market capitalization of $90.61 billion, a P/E ratio of 24.65, a PEG ratio of 2.67 and a beta of 1.21. Twenty-First Century Fox Inc has a one year low of $30.32 and a one year high of $50.15. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.45 and a quick ratio of 1.96.

Twenty-First Century Fox (NASDAQ:FOXA) last issued its earnings results on Wednesday, November 7th. The company reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. The firm had revenue of $7.18 billion during the quarter, compared to analysts’ expectations of $7.23 billion. Twenty-First Century Fox had a return on equity of 18.01% and a net margin of 16.01%. Twenty-First Century Fox’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business earned $0.49 earnings per share. As a group, sell-side analysts predict that Twenty-First Century Fox Inc will post 1.97 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was first posted by Daily Political and is the property of of Daily Political. If you are reading this story on another site, it was illegally copied and reposted in violation of United States and international trademark & copyright legislation. The original version of this story can be accessed at https://www.dailypolitical.com/2018/11/21/twenty-first-century-fox-inc-foxa-shares-sold-by-teachers-retirement-system-of-the-state-of-kentucky.html.

Twenty-First Century Fox Profile

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.

See Also: What does the Dow Jones Industrial Average (DJIA) measure?

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

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