Assetmark Inc. lowered its stake in shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) by 4.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 387,103 shares of the company’s stock after selling 17,811 shares during the quarter. Assetmark Inc.’s holdings in Twenty-First Century Fox were worth $17,934,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Centaurus Financial Inc. acquired a new position in shares of Twenty-First Century Fox during the second quarter valued at about $115,000. Chicago Partners Investment Group LLC raised its holdings in shares of Twenty-First Century Fox by 298.9% during the third quarter. Chicago Partners Investment Group LLC now owns 2,800 shares of the company’s stock valued at $127,000 after purchasing an additional 2,098 shares during the period. Sun Life Financial INC raised its holdings in shares of Twenty-First Century Fox by 1,522.7% during the second quarter. Sun Life Financial INC now owns 2,856 shares of the company’s stock valued at $142,000 after purchasing an additional 2,680 shares during the period. First Hawaiian Bank acquired a new position in shares of Twenty-First Century Fox during the third quarter valued at about $137,000. Finally, Rational Advisors LLC raised its holdings in shares of Twenty-First Century Fox by 351.8% during the third quarter. Rational Advisors LLC now owns 3,063 shares of the company’s stock valued at $142,000 after purchasing an additional 2,385 shares during the period. Hedge funds and other institutional investors own 52.93% of the company’s stock.
FOXA opened at $49.50 on Friday. The company has a current ratio of 2.45, a quick ratio of 1.96 and a debt-to-equity ratio of 0.84. Twenty-First Century Fox Inc has a fifty-two week low of $32.35 and a fifty-two week high of $50.15. The stock has a market capitalization of $91.00 billion, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 2.64 and a beta of 1.25.
Twenty-First Century Fox (NASDAQ:FOXA) last posted its earnings results on Wednesday, November 7th. The company reported $0.52 earnings per share for the quarter, hitting the Zacks’ 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 company had revenue of $7.18 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same quarter in the prior year, the business posted $0.49 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. Equities analysts forecast that Twenty-First Century Fox Inc will post 1.99 EPS for the current fiscal year.
FOXA has been the topic of several research reports. Morgan Stanley reiterated an “overweight” rating and set a $53.00 price objective on shares of Twenty-First Century Fox in a report on Monday, October 15th. Macquarie upped their price objective on shares of Twenty-First Century Fox from $46.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, September 6th. Zacks Investment Research lowered shares of Twenty-First Century Fox from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Barclays initiated coverage on shares of Twenty-First Century Fox in a report on Friday, October 19th. They set an “overweight” rating on the stock. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $50.00 price objective on shares of Twenty-First Century Fox in a report on Friday, August 10th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Twenty-First Century Fox has a consensus rating of “Buy” and a consensus price target of $47.20.
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About Twenty-First Century Fox
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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