Oppenheimer & Co. Inc. Takes Position in 21st Century Fox (FOXA)

Oppenheimer & Co. Inc. bought a new position in 21st Century Fox (NASDAQ:FOXA) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 7,756 shares of the company’s stock, valued at approximately $285,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new position in 21st Century Fox in the 4th quarter worth approximately $106,000. D.A. Davidson & CO. purchased a new position in 21st Century Fox in the 4th quarter worth approximately $214,000. Bronfman E.L. Rothschild L.P. lifted its stake in 21st Century Fox by 36.6% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 6,282 shares of the company’s stock worth $217,000 after purchasing an additional 1,684 shares in the last quarter. Moody National Bank Trust Division purchased a new position in 21st Century Fox in the 4th quarter worth approximately $234,000. Finally, Itau Unibanco Holding S.A. lifted its stake in 21st Century Fox by 230.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 6,840 shares of the company’s stock worth $236,000 after purchasing an additional 4,768 shares in the last quarter. 52.60% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have weighed in on FOXA. Pivotal Research reissued a “hold” rating and issued a $35.00 target price on shares of 21st Century Fox in a research note on Tuesday, April 17th. BMO Capital Markets raised their target price on shares of 21st Century Fox from $35.00 to $37.00 and gave the stock a “market perform” rating in a research note on Monday, February 12th. Loop Capital began coverage on shares of 21st Century Fox in a research note on Thursday, March 15th. They issued a “buy” rating and a $43.00 target price on the stock. ValuEngine raised shares of 21st Century Fox from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. Finally, Piper Jaffray reissued a “buy” rating and issued a $44.00 target price on shares of 21st Century Fox in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. 21st Century Fox presently has an average rating of “Buy” and an average price target of $39.15.

FOXA stock opened at $37.77 on Friday. The company has a market cap of $70.69 billion, a PE ratio of 21.68, a PEG ratio of 1.89 and a beta of 1.32. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.65 and a current ratio of 2.05. 21st Century Fox has a one year low of $37.81 and a one year high of $38.07.

21st Century Fox (NASDAQ:FOXA) last released its quarterly earnings results on Wednesday, May 9th. The company reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.04). The firm had revenue of $7.42 billion for the quarter, compared to analysts’ expectations of $7.40 billion. 21st Century Fox had a net margin of 13.76% and a return on equity of 17.50%. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS. analysts forecast that 21st Century Fox will post 1.96 earnings per share for the current year.

21st Century Fox Profile

Twenty-First Century Fox, Inc, together with its subsidiaries, operates as a diversified media and entertainment company primarily in the United States, the United Kingdom, Continental Europe, Asia, and Latin America. It operates through Cable Network Programming, Television, and Filmed Entertainment segments.

Institutional Ownership by Quarter for 21st Century Fox (NASDAQ:FOXA)

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