Trade Report: Today: Olstein Capital Management L.P. invests in Twenty-First Century Fox Inc. (FOX) Shares

Today: Olstein Capital Management L.P. invests in Twenty-First Century Fox Inc. (FOX) Shares

Olstein Capital Management L.P. increased its stake in shares of Twenty-First Century Fox Inc. (NASDAQ:FOX) by 47.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 341,000 shares of the company’s stock after buying an additional 109,000 shares during the period. Olstein Capital Management L.P.’s holdings in Twenty-First Century Fox were worth $8,436,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Twenty-First Century Fox by 34.3% in the second quarter. Vanguard Group Inc. now owns 10,389,777 shares of the company’s stock worth $283,121,000 after buying an additional 2,655,094 shares during the period. Fiduciary Management Inc. WI increased its position in shares of Twenty-First Century Fox by 51.1% in the second quarter. Fiduciary Management Inc. WI now owns 8,594,931 shares of the company’s stock worth $234,212,000 after buying an additional 2,907,981 shares during the period. BlackRock Fund Advisors increased its position in shares of Twenty-First Century Fox by 2.2% in the second quarter. BlackRock Fund Advisors now owns 5,119,955 shares of the company’s stock worth $139,519,000 after buying an additional 110,102 shares during the period. Bank of New York Mellon Corp increased its position in shares of Twenty-First Century Fox by 3.7% in the third quarter. Bank of New York Mellon Corp now owns 4,441,802 shares of the company’s stock worth $109,890,000 after buying an additional 159,907 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Twenty-First Century Fox by 1.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,476,360 shares of the company’s stock worth $94,731,000 after buying an additional 61,741 shares during the period. 22.76% of the stock is owned by hedge funds and other institutional investors.

Twenty-First Century Fox Inc. (NASDAQ:FOX) opened at 28.26 on Monday. The stock has a market capitalization of $52.43 billion, a price-to-earnings ratio of 18.68 and a beta of 1.22. The company has a 50 day moving average price of $26.40 and a 200 day moving average price of $26.84. Twenty-First Century Fox Inc. has a 12 month low of $22.65 and a 12 month high of $31.16.

Several equities analysts recently weighed in on FOX shares. RBC Capital Markets reaffirmed an “outperform” rating and issued a $32.00 price objective (down from $36.00) on shares of Twenty-First Century Fox in a research note on Thursday, August 4th. Wedbush reaffirmed an “outperform” rating and issued a $33.00 price objective (down from $34.00) on shares of Twenty-First Century Fox in a research note on Thursday, August 4th. TheStreet downgraded Twenty-First Century Fox from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Pivotal Research reaffirmed a “buy” rating and issued a $34.00 price objective (down from $36.00) on shares of Twenty-First Century Fox in a research note on Thursday, August 4th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $33.00 price objective (down from $38.00) on shares of Twenty-First Century Fox in a research note on Saturday, August 6th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $32.44.

Twenty-First Century Fox Company Profile

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