Redpoint Investment Management Pty Ltd Trims Stake in Twenty-First Century Fox Inc (FOXA)

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Redpoint Investment Management Pty Ltd trimmed its stake in shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 84,397 shares of the company’s stock after selling 2,472 shares during the period. Redpoint Investment Management Pty Ltd’s holdings in Twenty-First Century Fox were worth $4,061,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. We Are One Seven LLC acquired a new stake in Twenty-First Century Fox in the fourth quarter valued at $38,000. Moody National Bank Trust Division acquired a new stake in Twenty-First Century Fox in the fourth quarter valued at $49,000. IMS Capital Management acquired a new stake in Twenty-First Century Fox in the third quarter valued at $59,000. Oppenheimer Asset Management Inc. acquired a new stake in Twenty-First Century Fox in the fourth quarter valued at $70,000. Finally, Private Capital Group LLC lifted its stake in Twenty-First Century Fox by 17.8% in the fourth quarter. Private Capital Group LLC now owns 2,479 shares of the company’s stock valued at $119,000 after acquiring an additional 375 shares during the last quarter. Institutional investors own 51.72% of the company’s stock.

NASDAQ FOXA opened at $49.68 on Monday. The company has a quick ratio of 3.79, a current ratio of 4.29 and a debt-to-equity ratio of 0.55. The stock has a market cap of $92.04 billion, a PE ratio of 25.22, a P/E/G ratio of 2.72 and a beta of 0.98. Twenty-First Century Fox Inc has a 52-week low of $34.12 and a 52-week high of $50.15.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its earnings results on Wednesday, February 6th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The company had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.47 billion. Twenty-First Century Fox had a net margin of 44.71% and a return on equity of 15.09%. Twenty-First Century Fox’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 EPS. As a group, equities research analysts expect that Twenty-First Century Fox Inc will post 1.97 earnings per share for the current year.

The firm also recently disclosed a semiannual dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Monday, April 8th will be paid a $0.18 dividend. This represents a yield of 0.73%. The ex-dividend date of this dividend is Friday, April 5th. Twenty-First Century Fox’s dividend payout ratio (DPR) is 18.27%.

A number of brokerages have commented on FOXA. Barclays began coverage on shares of Twenty-First Century Fox in a research note on Friday, October 19th. They issued an “overweight” rating for the company. Vertical Group upgraded shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research cut shares of Twenty-First Century Fox from a “buy” rating to a “hold” rating in a research note on Thursday, January 24th. Morgan Stanley raised their target price on shares of Twenty-First Century Fox from $53.00 to $54.00 and gave the stock an “overweight” rating in a research note on Thursday, November 8th. Finally, Pivotal Research restated a “hold” rating and set a $45.00 target price on shares of Twenty-First Century Fox in a research note on Thursday, November 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $48.93.

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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:FOXA)

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