GVO Asset Management Ltd raised its stake in Twenty-First Century Fox Inc (NASDAQ:FOXA) by 57.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 727,000 shares of the company’s stock after buying an additional 264,800 shares during the period. Twenty-First Century Fox makes up approximately 11.8% of GVO Asset Management Ltd’s holdings, making the stock its 3rd largest holding. GVO Asset Management Ltd’s holdings in Twenty-First Century Fox were worth $33,682,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of FOXA. LPL Financial LLC increased its stake in shares of Twenty-First Century Fox by 34.9% during the 1st quarter. LPL Financial LLC now owns 13,975 shares of the company’s stock worth $513,000 after purchasing an additional 3,614 shares in the last quarter. Allianz Asset Management GmbH purchased a new position in shares of Twenty-First Century Fox during the 1st quarter worth approximately $738,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Twenty-First Century Fox by 18.8% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 18,939 shares of the company’s stock worth $941,000 after purchasing an additional 3,000 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Twenty-First Century Fox by 26.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 159,298 shares of the company’s stock worth $7,913,000 after purchasing an additional 33,355 shares in the last quarter. Finally, Xact Kapitalforvaltning AB increased its stake in shares of Twenty-First Century Fox by 2.0% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 108,435 shares of the company’s stock worth $5,388,000 after purchasing an additional 2,149 shares in the last quarter. 53.99% of the stock is owned by institutional investors.
FOXA has been the subject of a number of recent research reports. UBS Group cut shares of Twenty-First Century Fox from a “buy” rating to a “neutral” rating and set a $39.00 price objective for the company. in a research note on Friday, July 20th. Cowen reaffirmed a “hold” rating and issued a $48.00 target price on shares of Twenty-First Century Fox in a research note on Wednesday, August 1st. Buckingham Research lowered their target price on shares of Twenty-First Century Fox to $52.00 and set a “buy” rating for the company in a research note 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 research note on Thursday, August 9th. They noted that the move was a valuation call. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $50.00 target price on shares of Twenty-First Century Fox in a research note on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. Twenty-First Century Fox currently has an average rating of “Buy” and a consensus target price of $45.82.
Twenty-First Century Fox (NASDAQ:FOXA) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.52 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.52. The company had revenue of $7.18 billion for the quarter, compared to analyst estimates of $7.23 billion. Twenty-First Century Fox had a net margin of 14.68% and a return on equity of 18.71%. Twenty-First Century Fox’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the business earned $0.49 EPS. As a group, sell-side analysts expect that Twenty-First Century Fox Inc will post 2 EPS for the current 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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