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.
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.
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