The 87,072 Shares of Twenty-First Century Fox Inc. (FOXA) are sold by British Columbia Investment Management Corp

The 87,072 Shares of Twenty-First Century Fox Inc. (FOXA) are sold by British Columbia Investment Management Corp

British Columbia Investment Management Corp reduced its position in shares of Twenty-First Century Fox Inc. (NASDAQ:FOXA) by 17.0% during the third quarter, Holdings Channel reports. The fund owned 424,759 shares of the company’s stock after selling 87,072 shares during the period. British Columbia Investment Management Corp’s holdings in Twenty-First Century Fox were worth $10,288,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Moody National Bank Trust Division raised its stake in Twenty-First Century Fox by 0.4% in the second quarter. Moody National Bank Trust Division now owns 10,580 shares of the company’s stock worth $286,000 after buying an additional 45 shares in the last quarter. Cadence Capital Management LLC increased its position in shares of Twenty-First Century Fox by 0.8% in the second quarter. Cadence Capital Management LLC now owns 8,731 shares of the company’s stock worth $236,000 after buying an additional 71 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Twenty-First Century Fox by 2.4% in the second quarter. Quadrant Capital Group LLC now owns 6,713 shares of the company’s stock worth $171,000 after buying an additional 159 shares during the last quarter. Commonwealth Equity Services Inc increased its position in shares of Twenty-First Century Fox by 0.8% in the second quarter. Commonwealth Equity Services Inc now owns 21,546 shares of the company’s stock worth $583,000 after buying an additional 163 shares during the last quarter. Finally, Checchi Capital Advisers LLC increased its position in shares of Twenty-First Century Fox by 2.0% in the second quarter. Checchi Capital Advisers LLC now owns 13,912 shares of the company’s stock worth $376,000 after buying an additional 276 shares during the last quarter. 54.33% of the stock is currently owned by institutional investors.

Twenty-First Century Fox Inc. (NASDAQ:FOXA) traded down 0.14% during mid-day trading on Friday, hitting $28.36. 3,017,494 shares of the stock traded hands. The firm has a market cap of $52.62 billion, a PE ratio of 18.74 and a beta of 1.28. Twenty-First Century Fox Inc. has a 12-month low of $22.66 and a 12-month high of $31.25. The stock has a 50 day moving average price of $26.39 and a 200 day moving average price of $26.57.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.07. Twenty-First Century Fox had a net margin of 10.45% and a return on equity of 23.28%. The business earned $6.51 billion during the quarter, compared to analyst estimates of $6.49 billion. During the same period in the previous year, the business posted $0.38 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, analysts expect that Twenty-First Century Fox Inc. will post $1.91 earnings per share for the current fiscal year.

A number of equities analysts recently commented on FOXA shares. Zacks Investment Research downgraded shares of Twenty-First Century Fox from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 21st. Citigroup Inc. lowered their target price on shares of Twenty-First Century Fox from $32.00 to $31.00 and set a “buy” rating for the company in a research note on Monday, August 15th. Barclays PLC downgraded shares of Twenty-First Century Fox from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $33.00 to $29.00 in a research note on Monday, August 8th. Deutsche Bank AG lowered their target price on shares of Twenty-First Century Fox from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, August 5th. Finally, TheStreet upgraded shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research note on Wednesday, November 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the stock. Twenty-First Century Fox presently has an average rating of “Buy” and a consensus price target of $31.69.

Twenty-First Century Fox Company Profile

Twenty-First Century Fox, Inc is a media and entertainment company. The Company’s segments include Cable Network Programming; Television; Filmed Entertainment, and Other, Corporate and Eliminations. The Cable Network Programming segment produces and licenses news, business news, sports, general entertainment, factual entertainment and movie programming for distribution.

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