Ngam Advisors L.P. raised its position in Twenty-First Century Fox, Inc. (NASDAQ:FOXA) by 47.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,617 shares of the company’s stock after buying an additional 25,451 shares during the period. Ngam Advisors L.P.’s holdings in Twenty-First Century Fox were worth $2,546,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in FOXA. Advisory Services Network LLC acquired a new stake in Twenty-First Century Fox during the first quarter worth about $106,000. Whittier Trust Co. raised its stake in Twenty-First Century Fox by 22.3% in the first quarter. Whittier Trust Co. now owns 3,821 shares of the company’s stock worth $124,000 after buying an additional 697 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Twenty-First Century Fox during the first quarter worth about $134,000. TrimTabs Asset Management LLC raised its stake in Twenty-First Century Fox by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 4,384 shares of the company’s stock worth $142,000 after buying an additional 2,064 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its stake in Twenty-First Century Fox by 3.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,495 shares of the company’s stock worth $146,000 after buying an additional 151 shares during the last quarter. 54.71% of the stock is owned by institutional investors and hedge funds.
Shares of Twenty-First Century Fox, Inc. (NASDAQ FOXA) traded down 1.709% during trading on Tuesday, reaching $27.325. 1,057,551 shares of the company’s stock traded hands. Twenty-First Century Fox, Inc. has a 1-year low of $23.33 and a 1-year high of $32.60. The company has a 50 day moving average price of $27.88 and a 200 day moving average price of $29.54. The stock has a market capitalization of $50.57 billion, a PE ratio of 16.805 and a beta of 1.34.
Twenty-First Century Fox (NASDAQ:FOXA) last issued its quarterly earnings results on Wednesday, May 10th. The company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.06. Twenty-First Century Fox had a return on equity of 24.40% and a net margin of 10.72%. The business had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.63 billion. During the same period in the previous year, the business earned $0.47 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis. On average, equities analysts forecast that Twenty-First Century Fox, Inc. will post $1.94 EPS for the current fiscal year.
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A number of research firms have recently issued reports on FOXA. Guggenheim reaffirmed a “buy” rating and set a $35.00 target price (up previously from $34.00) on shares of Twenty-First Century Fox in a report on Friday, April 14th. Needham & Company LLC reissued a “hold” rating on shares of Twenty-First Century Fox in a report on Thursday, May 11th. Royal Bank Of Canada reissued a “buy” rating on shares of Twenty-First Century Fox in a report on Tuesday, April 11th. Jefferies Group LLC reissued a “buy” rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a report on Monday, April 10th. Finally, BMO Capital Markets set a $36.00 price objective on shares of Twenty-First Century Fox and gave the company a “buy” rating in a report on Friday. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $33.20.
About Twenty-First Century Fox
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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