First Trust Advisors LP Decreases Holdings in Twenty-First Century Fox Inc (FOX)

First Trust Advisors LP lowered its stake in shares of Twenty-First Century Fox Inc (NASDAQ:FOX) by 81.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 83,012 shares of the company’s stock after selling 357,851 shares during the period. First Trust Advisors LP’s holdings in Twenty-First Century Fox were worth $3,804,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. US Bancorp DE raised its holdings in shares of Twenty-First Century Fox by 116.8% during the 2nd quarter. US Bancorp DE now owns 3,840 shares of the company’s stock valued at $189,000 after purchasing an additional 2,069 shares in the last quarter. Franklin Street Advisors Inc. NC bought a new position in shares of Twenty-First Century Fox during the 3rd quarter valued at $208,000. People s United Financial Inc. bought a new position in shares of Twenty-First Century Fox during the 2nd quarter valued at $211,000. Laurel Wealth Advisors Inc. bought a new position in Twenty-First Century Fox in the 2nd quarter worth $222,000. Finally, Visionary Asset Management Inc. bought a new position in Twenty-First Century Fox in the 3rd quarter worth $230,000. 24.10% of the stock is owned by institutional investors.

Shares of FOX opened at $48.66 on Friday. The firm has a market capitalization of $90.15 billion, a P/E ratio of 24.33 and a beta of 1.15. Twenty-First Century Fox Inc has a one year low of $29.63 and a one year high of $49.65. The company has a current ratio of 2.45, a quick ratio of 1.96 and a debt-to-equity ratio of 0.84.

Twenty-First Century Fox (NASDAQ:FOX) last announced its earnings results on Wednesday, November 7th. The company reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. The firm had revenue of $7.18 billion for the quarter. Twenty-First Century Fox had a net margin of 16.01% and a return on equity of 18.01%. On average, research analysts expect that Twenty-First Century Fox Inc will post 1.86 EPS for the current fiscal year.

Several brokerages recently commented on FOX. ValuEngine downgraded shares of Twenty-First Century Fox from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub upgraded shares of Twenty-First Century Fox from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 17th.

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Twenty-First Century Fox 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.

Further Reading: Beta

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

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