Traders Buy Shares of Twenty-First Century Fox (FOXA) on Weakness
Traders purchased shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) on weakness during trading on Friday. $87.89 million flowed into the stock on the tick-up and $49.87 million flowed out of the stock on the tick-down, for a money net flow of $38.02 million into the stock. Of all stocks tracked, Twenty-First Century Fox had the 11th highest net in-flow for the day. Twenty-First Century Fox traded down ($0.88) for the day and closed at $33.30
A number of research firms have weighed in on FOXA. Wells Fargo & Company reissued an “outperform” rating on shares of Twenty-First Century Fox in a research note on Thursday. Rosenblatt Securities restated a “buy” rating and issued a $40.00 target price on shares of Twenty-First Century Fox in a research report on Monday. KeyCorp restated a “buy” rating and issued a $35.00 target price on shares of Twenty-First Century Fox in a research report on Sunday, November 19th. BMO Capital Markets restated a “buy” rating and issued a $35.00 target price on shares of Twenty-First Century Fox in a research report on Wednesday, November 22nd. Finally, B. Riley lifted their target price on Twenty-First Century Fox from $29.00 to $36.00 and gave the company a “neutral” rating in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $33.95.
The company has a debt-to-equity ratio of 1.09, a current ratio of 2.08 and a quick ratio of 1.73. The stock has a market cap of $61,990.00, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 2.28 and a beta of 1.44.
Twenty-First Century Fox (NASDAQ:FOXA) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Twenty-First Century Fox had a return on equity of 21.41% and a net margin of 10.30%. The company had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.80 billion. During the same quarter in the prior year, the business earned $0.51 EPS. Twenty-First Century Fox’s revenue was up 7.6% on a year-over-year basis. equities analysts expect that Twenty-First Century Fox, Inc. will post 1.98 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of FOXA. Mint Tower Capital Management B.V. purchased a new stake in Twenty-First Century Fox during the 3rd quarter worth about $110,000. Rockefeller Financial Services Inc. purchased a new stake in Twenty-First Century Fox during the 3rd quarter worth about $113,000. State of Alaska Department of Revenue increased its holdings in Twenty-First Century Fox by 4.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,365 shares of the company’s stock worth $123,000 after purchasing an additional 200 shares during the period. Zions Bancorporation increased its holdings in Twenty-First Century Fox by 86.4% during the 3rd quarter. Zions Bancorporation now owns 4,911 shares of the company’s stock worth $130,000 after purchasing an additional 2,276 shares during the period. Finally, Global X Management Co. LLC increased its holdings in Twenty-First Century Fox by 9.7% during the 2nd quarter. Global X Management Co. LLC now owns 5,108 shares of the company’s stock worth $145,000 after purchasing an additional 451 shares during the period. Institutional investors own 54.50% of the company’s stock.
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About Twenty-First Century Fox
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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