United Services Automobile Association reduced its holdings in shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) by 20.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 651,833 shares of the company’s stock after selling 167,343 shares during the period. United Services Automobile Association’s holdings in Twenty-First Century Fox were worth $30,199,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Redpoint Investment Management Pty Ltd lifted its position in Twenty-First Century Fox by 1.9% during the 2nd 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 during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Twenty-First Century Fox by 1.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,381 shares of the company’s stock valued at $4,836,000 after acquiring an additional 1,600 shares during the period. Mutual of America Capital Management LLC lifted its position in Twenty-First Century Fox by 1.2% during the 2nd quarter. Mutual of America Capital Management LLC now owns 136,185 shares of the company’s stock valued at $6,767,000 after acquiring an additional 1,606 shares during the period. IFP Advisors Inc lifted its position in Twenty-First Century Fox by 59.4% during the 3rd quarter. IFP Advisors Inc now owns 4,401 shares of the company’s stock valued at $204,000 after acquiring an additional 1,640 shares during the period. Finally, State Treasurer State of Michigan lifted its position in Twenty-First Century Fox by 0.5% during the 2nd quarter. State Treasurer State of Michigan now owns 312,041 shares of the company’s stock valued at $15,505,000 after acquiring an additional 1,700 shares during the period. 52.93% of the stock is owned by institutional investors.
FOXA has been the subject of a number of recent research reports. Buckingham Research lowered their price target on shares of Twenty-First Century Fox to $52.00 and set a “buy” rating for the company in a research report on Tuesday, August 7th. Royal Bank of Canada cut shares of Twenty-First Century Fox from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from $45.00 to $49.00 in a report on Thursday, August 9th. They noted that the move was a valuation call. Jefferies Financial Group reaffirmed a “buy” rating and issued a $50.00 target price on shares of Twenty-First Century Fox in a report on Friday, August 10th. Cowen reaffirmed a “hold” rating and issued a $49.00 target price on shares of Twenty-First Century Fox in a report on Sunday, August 12th. Finally, ValuEngine cut shares of Twenty-First Century Fox from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 28th. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $46.75.
Twenty-First Century Fox (NASDAQ:FOXA) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. Twenty-First Century Fox had a net margin of 16.01% and a return on equity of 18.01%. The firm had revenue of $7.18 billion during the quarter, compared to analyst estimates of $7.23 billion. During the same period in the previous year, the business posted $0.49 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts anticipate that Twenty-First Century Fox Inc will post 1.99 EPS for the current fiscal year.
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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.
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