Qube Research & Technologies Ltd Acquires New Holdings in Twenty-First Century Fox Inc Class B (FOX)

Qube Research & Technologies Ltd acquired a new stake in Twenty-First Century Fox Inc Class B (NASDAQ:FOX) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,952 shares of the company’s stock, valued at approximately $293,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in FOX. BlackRock Inc. increased its stake in Twenty-First Century Fox Inc Class B by 3.5% in the second quarter. BlackRock Inc. now owns 27,439,739 shares of the company’s stock valued at $1,351,956,000 after purchasing an additional 930,205 shares in the last quarter. Morgan Stanley increased its stake in Twenty-First Century Fox Inc Class B by 2.2% in the second quarter. Morgan Stanley now owns 16,463,554 shares of the company’s stock valued at $811,160,000 after purchasing an additional 357,256 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Twenty-First Century Fox Inc Class B by 70.6% in the first quarter. The Manufacturers Life Insurance Company now owns 7,360,050 shares of the company’s stock valued at $267,685,000 after purchasing an additional 3,047,075 shares in the last quarter. Diamond Hill Capital Management Inc. increased its stake in Twenty-First Century Fox Inc Class B by 31.8% in the second quarter. Diamond Hill Capital Management Inc. now owns 5,257,209 shares of the company’s stock valued at $259,023,000 after purchasing an additional 1,267,557 shares in the last quarter. Finally, Farallon Capital Management LLC bought a new stake in Twenty-First Century Fox Inc Class B in the first quarter valued at approximately $181,850,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Shares of NASDAQ:FOX opened at $44.42 on Friday. Twenty-First Century Fox Inc Class B has a 52 week low of $24.30 and a 52 week high of $49.65. The company has a quick ratio of 1.90, a current ratio of 2.35 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $81.90 billion, a price-to-earnings ratio of 22.44 and a beta of 1.27.

Twenty-First Century Fox Inc Class B (NASDAQ:FOX) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $0.57 earnings per share (EPS) for the quarter. Twenty-First Century Fox Inc Class B had a net margin of 14.68% and a return on equity of 18.71%. The company had revenue of $7.94 billion during the quarter.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, October 17th. Stockholders of record on Wednesday, September 12th will be given a dividend of $0.18 per share. This represents a dividend yield of 0.8%. The ex-dividend date is Tuesday, September 11th.

In related news, insider Lachlan K. Murdoch acquired 137,801 shares of the stock in a transaction dated Thursday, August 16th. The stock was bought at an average price of $45.48 per share, with a total value of $6,267,189.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 39.40% of the stock is owned by corporate insiders.

Several equities research analysts have commented on FOX shares. ValuEngine raised shares of Twenty-First Century Fox Inc Class B from a “hold” rating to a “buy” rating in a research note on Wednesday, May 23rd. BidaskClub downgraded shares of Twenty-First Century Fox Inc Class B from a “buy” rating to a “hold” rating in a research note on Wednesday, August 22nd.

About Twenty-First Century Fox Inc Class B

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.

Further Reading: Understanding Relative Strength Index

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Institutional Ownership by Quarter for Twenty-First Century Fox Inc Class B (NASDAQ:FOX)

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