Today, State Treasurer State of Michigan Boosts Stake in Twenty-First Century Fox Inc. (FOX)

Today, State Treasurer State of Michigan Boosts Stake in Twenty-First Century Fox Inc. (FOX)

State Treasurer State of Michigan increased its position in Twenty-First Century Fox Inc. (NASDAQ:FOX) by 13.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 170,000 shares of the company’s stock after buying an additional 20,200 shares during the period. State Treasurer State of Michigan’s holdings in Twenty-First Century Fox were worth $4,206,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Fiduciary Management Inc. WI raised 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 valued at $234,212,000 after buying an additional 2,907,981 shares in the last quarter. Vanguard Group Inc. raised 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 valued at $283,121,000 after buying an additional 2,655,094 shares in the last quarter. Coronation Fund Managers Ltd. acquired a new position in shares of Twenty-First Century Fox during the second quarter valued at $21,768,000. BNP Paribas Arbitrage SA raised its position in shares of Twenty-First Century Fox by 139.0% in the third quarter. BNP Paribas Arbitrage SA now owns 853,427 shares of the company’s stock valued at $21,114,000 after buying an additional 496,358 shares in the last quarter. Finally, First Quadrant L P CA acquired a new position in shares of Twenty-First Century Fox during the second quarter valued at $10,715,000. Institutional investors own 22.76% of the company’s stock.

Shares of Twenty-First Century Fox Inc. (NASDAQ:FOX) traded down 0.25% during mid-day trading on Monday, reaching $28.19. 3,241,602 shares of the company’s stock were exchanged. Twenty-First Century Fox Inc. has a 52-week low of $22.65 and a 52-week high of $31.16. The company’s 50-day moving average price is $26.40 and its 200 day moving average price is $26.84. The company has a market cap of $52.30 billion, a PE ratio of 18.63 and a beta of 1.22.

FOX has been the subject of several recent analyst reports. RBC Capital Markets reaffirmed an “outperform” rating and issued a $32.00 target price (down previously 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 target price (down previously from $34.00) on shares of Twenty-First Century Fox in a research note on Thursday, August 4th. TheStreet downgraded shares of 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 target price (down previously 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 target price (down previously from $38.00) on shares of Twenty-First Century Fox in a research note on Saturday, August 6th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $32.44.

About Twenty-First Century Fox

Twenty-First Century Fox, Inc is a media and entertainment company. The Company operates through segments: Cable Network Programming, Television, Filmed Entertainment, and Other, Corporate and Eliminations. 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, telecommunications companies and online video distributors in the United States and internationally.

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