Zacks Investment Research cut shares of Twenty-First Century Fox (NASDAQ:FOX) from a buy rating to a hold rating in a research note released on Wednesday.

According to Zacks, “Twenty-First Century Fox, Inc. is involved in creating and distributing media services. Its business portfolio consists of cable, broadcast, film, pay TV and satellite assets. Twenty-First Century Fox, Inc., formerly known as News Corporation, is based in New York, United States. “

Other equities analysts also recently issued reports about the stock. BidaskClub raised shares of Twenty-First Century Fox from a hold rating to a buy rating in a research note on Friday, October 26th. ValuEngine downgraded shares of Twenty-First Century Fox from a buy rating to a hold rating in a research note on Wednesday, November 21st.

Shares of FOX stock opened at $48.40 on Wednesday. Twenty-First Century Fox has a 12-month low of $33.75 and a 12-month high of $49.65. The stock has a market cap of $89.79 billion, a P/E ratio of 24.57 and a beta of 1.05. The company has a quick ratio of 1.96, a current ratio of 2.45 and a debt-to-equity ratio of 0.84.

Twenty-First Century Fox (NASDAQ:FOX) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. Twenty-First Century Fox had a net margin of 16.01% and a return on equity of 18.01%. The firm had revenue of $7.18 billion during the quarter. On average, equities research analysts expect that Twenty-First Century Fox will post 1.86 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Baupost Group LLC MA grew its holdings in Twenty-First Century Fox by 27.3% during the third quarter. Baupost Group LLC MA now owns 17,320,922 shares of the company’s stock valued at $793,645,000 after purchasing an additional 3,714,662 shares during the period. Renaissance Technologies LLC grew its holdings in Twenty-First Century Fox by 1,591.3% during the third quarter. Renaissance Technologies LLC now owns 3,541,417 shares of the company’s stock valued at $162,268,000 after purchasing an additional 3,332,025 shares during the period. Boussard & Gavaudan Investment Management LLP grew its holdings in Twenty-First Century Fox by 400.1% during the third quarter. Boussard & Gavaudan Investment Management LLP now owns 2,977,860 shares of the company’s stock valued at $136,654,000 after purchasing an additional 2,382,405 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in Twenty-First Century Fox by 1,100.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 2,400,000 shares of the company’s stock valued at $109,968,000 after purchasing an additional 2,200,000 shares during the period. Finally, Deutsche Bank AG grew its holdings in Twenty-First Century Fox by 304.1% during the third quarter. Deutsche Bank AG now owns 2,605,602 shares of the company’s stock valued at $119,384,000 after purchasing an additional 1,960,803 shares during the period. 23.72% of the stock is owned by institutional investors and hedge funds.

Twenty-First Century Fox Company 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.

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