NuWave Investment Management LLC Invests $274,000 in Twenty-First Century Fox Inc (FOXA) Stock

NuWave Investment Management LLC purchased a new stake in shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,946 shares of the company’s stock, valued at approximately $274,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Verition Fund Management LLC acquired a new stake in shares of Twenty-First Century Fox in the 2nd quarter valued at $365,000. Candriam Luxembourg S.C.A. increased its stake in shares of Twenty-First Century Fox by 76.8% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 261,190 shares of the company’s stock valued at $6,890,000 after buying an additional 113,484 shares during the period. Fort L.P. increased its stake in shares of Twenty-First Century Fox by 831.1% in the 3rd quarter. Fort L.P. now owns 274,233 shares of the company’s stock valued at $7,234,000 after buying an additional 244,781 shares during the period. KBC Group NV increased its stake in shares of Twenty-First Century Fox by 0.6% in the 3rd quarter. KBC Group NV now owns 930,207 shares of the company’s stock valued at $24,538,000 after buying an additional 5,364 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of Twenty-First Century Fox by 37.7% in the 3rd quarter. Prudential Financial Inc. now owns 2,365,808 shares of the company’s stock valued at $62,410,000 after buying an additional 647,790 shares during the period. 53.52% of the stock is owned by hedge funds and other institutional investors.

Twenty-First Century Fox Inc (FOXA) opened at $36.58 on Wednesday. Twenty-First Century Fox Inc has a 12-month low of $24.81 and a 12-month high of $39.13. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.16 and a quick ratio of 1.77. The stock has a market capitalization of $67,432.02, a price-to-earnings ratio of 20.11, a PEG ratio of 1.88 and a beta of 1.32.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. Twenty-First Century Fox had a return on equity of 19.01% and a net margin of 13.49%. The business had revenue of $8.04 billion for the quarter, compared to analyst estimates of $7.94 billion. During the same period last year, the company earned $0.53 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. research analysts anticipate that Twenty-First Century Fox Inc will post 2.03 earnings per share for the current fiscal year.

The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Wednesday, March 14th will be given a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a dividend yield of 0.00503778337531486%. Twenty-First Century Fox’s dividend payout ratio is currently 16.82%.

Several equities research analysts have recently commented on the company. BMO Capital Markets lifted their target price on Twenty-First Century Fox from $35.00 to $37.00 and gave the company a “market perform” rating in a research note on Monday. ValuEngine raised Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. Piper Jaffray Companies reissued a “buy” rating and issued a $44.00 target price on shares of Twenty-First Century Fox in a research note on Friday, January 26th. Atlantic Securities raised Twenty-First Century Fox from a “neutral” rating to an “overweight” rating in a research note on Monday, January 22nd. Finally, B. Riley raised Twenty-First Century Fox from a “neutral” rating to a “buy” rating and lifted their target price for the company from $38.00 to $46.00 in a research note on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $37.73.

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

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