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.
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.
TRADEMARK VIOLATION WARNING: “Redpoint Investment Management Pty Ltd Trims Stake in Twenty-First Century Fox Inc (FOXA)” was reported by Ticker Report and is owned by of Ticker Report. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.tickerreport.com/banking-finance/4143497/redpoint-investment-management-pty-ltd-trims-stake-in-twenty-first-century-fox-inc-foxa.html.
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.
Recommended Story: How analysts view the yield curve
Want to see what other hedge funds are holding FOXA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twenty-First Century Fox Inc (NASDAQ:FOXA).
Receive News & Ratings for Twenty-First Century Fox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twenty-First Century Fox and related companies with MarketBeat.com's FREE daily email newsletter.