Stone Ridge Asset Management LLC Sells 110,000 Shares of Twenty-First Century Fox Inc (FOX)

Stone Ridge Asset Management LLC cut its position in shares of Twenty-First Century Fox Inc (NASDAQ:FOX) by 20.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 439,566 shares of the company’s stock after selling 110,000 shares during the period. Twenty-First Century Fox comprises 1.3% of Stone Ridge Asset Management LLC’s portfolio, making the stock its 8th biggest position. Stone Ridge Asset Management LLC’s holdings in Twenty-First Century Fox were worth $21,001,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. bought a new position in shares of Twenty-First Century Fox in the 4th quarter worth $25,000. Lindbrook Capital LLC bought a new position in shares of Twenty-First Century Fox in the 4th quarter worth $32,000. Laurel Wealth Advisors LLC bought a new position in shares of Twenty-First Century Fox in the 4th quarter worth $39,000. Legacy Financial Advisors Inc. bought a new position in shares of Twenty-First Century Fox in the 4th quarter worth $47,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Twenty-First Century Fox in the 4th quarter worth $55,000. 23.13% of the stock is owned by hedge funds and other institutional investors.

Shares of FOX stock opened at $51.72 on Friday. Twenty-First Century Fox Inc has a 1-year low of $34.94 and a 1-year high of $51.88. The company has a current ratio of 4.29, a quick ratio of 3.79 and a debt-to-equity ratio of 0.55. The firm has a market cap of $96.04 billion, a P/E ratio of 26.25 and a beta of 0.94.

Twenty-First Century Fox (NASDAQ:FOX) last announced its earnings results on Wednesday, February 6th. The company reported $0.37 earnings per share for the quarter. Twenty-First Century Fox had a return on equity of 15.09% and a net margin of 44.71%. The firm had revenue of $8.50 billion for the quarter.

The firm also recently announced a semiannual dividend, which will be paid on Tuesday, April 16th. Investors of record on Monday, April 8th will be paid a dividend of $0.18 per share. This represents a yield of 0.73%. This is an increase from Twenty-First Century Fox’s previous semiannual dividend of $0.15. The ex-dividend date of this dividend is Friday, April 5th. Twenty-First Century Fox’s payout ratio is 18.27%.

Several brokerages recently weighed in on FOX. BidaskClub upgraded Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Zacks Investment Research upgraded Twenty-First Century Fox from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Thursday, January 24th. Finally, ValuEngine downgraded Twenty-First Century Fox from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st.

In other Twenty-First Century Fox news, insider Lachlan K. Murdoch sold 316,317 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $51.20, for a total transaction of $16,195,430.40. Following the sale, the insider now owns 618,374 shares in the company, valued at approximately $31,660,748.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Gerson Zweifach sold 36,007 shares of the business’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $49.41, for a total value of $1,779,105.87. Following the sale, the executive vice president now owns 38,740 shares in the company, valued at approximately $1,914,143.40. The disclosure for this sale can be found here. 39.40% of the stock is owned by insiders.

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

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