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.
COPYRIGHT VIOLATION NOTICE: This story was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another domain, it was illegally copied and reposted in violation of US & international copyright law. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/02/14/nuwave-investment-management-llc-invests-274000-in-twenty-first-century-fox-inc-foxa-stock.html.
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.
Want to see what other hedge funds are holding FOXA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twenty-First Century Fox Inc (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.