Twenty-First Century Fox’s (FOXA) Buy Rating Reiterated at Jefferies Group LLC

Jefferies Group LLC reissued their buy rating on shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) in a research note released on Friday morning. The brokerage currently has a $35.00 target price on the stock.

A number of other equities analysts have also recently weighed in on FOXA. FBR & Co cut their price target on Twenty-First Century Fox from $34.00 to $31.00 and set a mkt perform rating for the company in a report on Thursday, May 11th. BMO Capital Markets reissued an outperform rating and issued a $36.00 price target on shares of Twenty-First Century Fox in a report on Thursday, May 11th. Needham & Company LLC reissued a hold rating on shares of Twenty-First Century Fox in a report on Thursday, May 11th. Instinet reissued a buy rating and issued a $35.00 price target (down from $37.00) on shares of Twenty-First Century Fox in a report on Thursday, May 11th. Finally, Pivotal Research reissued a buy rating and issued a $36.00 price target on shares of Twenty-First Century Fox in a report on Thursday, January 12th. Five analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Twenty-First Century Fox presently has a consensus rating of Buy and an average price target of $33.52.

Twenty-First Century Fox (NASDAQ:FOXA) opened at 27.01 on Friday. The company has a market capitalization of $49.99 billion, a PE ratio of 16.61 and a beta of 1.31. The firm has a 50-day moving average of $30.14 and a 200 day moving average of $29.53. Twenty-First Century Fox has a 12-month low of $23.33 and a 12-month high of $32.60. Twenty-First Century Fox also saw unusually large options trading on Monday. Stock traders acquired 10,063 put options on the company. This is an increase of 528% compared to the average daily volume of 1,602 put options.

Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly earnings results on Wednesday, May 10th. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.06. Twenty-First Century Fox had a return on equity of 24.05% and a net margin of 10.99%. The company had revenue of $7.56 billion during the quarter, compared to analysts’ expectations of $7.63 billion. During the same period in the previous year, the firm posted $0.47 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. Analysts forecast that Twenty-First Century Fox will post $1.93 EPS for the current fiscal year.

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Hedge funds have recently bought and sold shares of the stock. Synovus Financial Corp boosted its stake in Twenty-First Century Fox by 53.1% in the third quarter. Synovus Financial Corp now owns 4,965 shares of the company’s stock valued at $120,000 after buying an additional 1,723 shares in the last quarter. Capital Fund Management S.A. boosted its stake in Twenty-First Century Fox by 76.1% in the third quarter. Capital Fund Management S.A. now owns 55,820 shares of the company’s stock valued at $1,352,000 after buying an additional 24,129 shares in the last quarter. State of Wisconsin Investment Board boosted its stake in Twenty-First Century Fox by 28.3% in the third quarter. State of Wisconsin Investment Board now owns 2,111,471 shares of the company’s stock valued at $51,140,000 after buying an additional 465,726 shares in the last quarter. APG Asset Management N.V. boosted its stake in Twenty-First Century Fox by 11.3% in the third quarter. APG Asset Management N.V. now owns 6,231,886 shares of the company’s stock valued at $150,936,000 after buying an additional 632,570 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS boosted its stake in Twenty-First Century Fox by 75.6% in the third quarter. Kornitzer Capital Management Inc. KS now owns 20,900 shares of the company’s stock valued at $506,000 after buying an additional 9,000 shares in the last quarter. Hedge funds and other institutional investors own 54.50% of the company’s stock.

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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