Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) by 44.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 113,171 shares of the company’s stock after purchasing an additional 34,746 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Twenty-First Century Fox were worth $5,224,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Redpoint Investment Management Pty Ltd raised its holdings in shares of Twenty-First Century Fox by 1.9% during the second quarter. Redpoint Investment Management Pty Ltd now owns 77,676 shares of the company’s stock valued at $3,860,000 after acquiring an additional 1,435 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Twenty-First Century Fox by 1.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,381 shares of the company’s stock valued at $4,836,000 after buying an additional 1,600 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Twenty-First Century Fox by 1.2% during the second quarter. Mutual of America Capital Management LLC now owns 136,185 shares of the company’s stock valued at $6,767,000 after buying an additional 1,606 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Twenty-First Century Fox by 59.4% during the third quarter. IFP Advisors Inc now owns 4,401 shares of the company’s stock valued at $204,000 after buying an additional 1,640 shares during the last quarter. Finally, State Treasurer State of Michigan boosted its position in shares of Twenty-First Century Fox by 0.5% during the second quarter. State Treasurer State of Michigan now owns 312,041 shares of the company’s stock valued at $15,505,000 after buying an additional 1,700 shares during the last quarter. 52.93% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:FOXA opened at $49.50 on Friday. The stock has a market capitalization of $91.00 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 2.64 and a beta of 1.25. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.96 and a current ratio of 2.45. Twenty-First Century Fox Inc has a 52-week low of $32.35 and a 52-week high of $50.15.
Twenty-First Century Fox (NASDAQ:FOXA) last announced its earnings results on Wednesday, November 7th. The company reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. Twenty-First Century Fox had a return on equity of 18.01% and a net margin of 16.01%. The business had revenue of $7.18 billion for the quarter, compared to analysts’ expectations of $7.23 billion. During the same period last year, the firm posted $0.49 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities analysts anticipate that Twenty-First Century Fox Inc will post 1.99 EPS for the current year.
Several equities research analysts recently commented on FOXA shares. Zacks Investment Research cut Twenty-First Century Fox from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. Gabelli reaffirmed a “buy” rating on shares of Twenty-First Century Fox in a research report on Tuesday, November 27th. Morgan Stanley increased their price objective on Twenty-First Century Fox from $53.00 to $54.00 and gave the company an “overweight” rating in a research report on Thursday, November 8th. Pivotal Research reaffirmed a “hold” rating and set a $45.00 price objective on shares of Twenty-First Century Fox in a research report on Thursday, November 8th. Finally, Evercore ISI started coverage on Twenty-First Century Fox in a research report on Monday, November 5th. They issued an “outperform” rating and a $52.00 target price on the stock. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $47.20.
COPYRIGHT VIOLATION WARNING: This report was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another site, it was illegally copied and republished in violation of international copyright and trademark legislation. The correct version of this report can be read at https://www.dispatchtribunal.com/2018/12/07/mirae-asset-global-investments-co-ltd-has-5-22-million-stake-in-twenty-first-century-fox-inc-foxa.html.
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.
Featured Article: Federal Reserve
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.