FNY Investment Advisers LLC lowered its position in Twenty-First Century Fox Inc (NASDAQ:FOX) by 53.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,738 shares of the company’s stock after selling 77,293 shares during the period. Twenty-First Century Fox makes up approximately 0.7% of FNY Investment Advisers LLC’s investment portfolio, making the stock its 27th largest holding. FNY Investment Advisers LLC’s holdings in Twenty-First Century Fox were worth $3,057,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE boosted its position in Twenty-First Century Fox by 116.8% in the second quarter. US Bancorp DE now owns 3,840 shares of the company’s stock valued at $189,000 after buying an additional 2,069 shares during the last quarter. Franklin Street Advisors Inc. NC acquired a new position in Twenty-First Century Fox in the third quarter valued at approximately $208,000. People s United Financial Inc. acquired a new position in Twenty-First Century Fox in the second quarter valued at approximately $211,000. Laurel Wealth Advisors Inc. acquired a new position in Twenty-First Century Fox in the second quarter valued at approximately $222,000. Finally, Visionary Asset Management Inc. acquired a new position in Twenty-First Century Fox in the third quarter valued at approximately $230,000. Hedge funds and other institutional investors own 24.05% of the company’s stock.
NASDAQ:FOX traded up $0.34 during trading hours on Monday, reaching $45.14. The company had a trading volume of 923,709 shares, compared to its average volume of 4,066,299. Twenty-First Century Fox Inc has a 1-year low of $24.30 and a 1-year high of $49.65. The company has a market capitalization of $83.00 billion, a PE ratio of 22.74 and a beta of 1.25. The company has a current ratio of 2.35, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89.
The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, October 17th. Shareholders of record on Wednesday, September 12th were issued a $0.18 dividend. This represents a yield of 0.8%. The ex-dividend date was Tuesday, September 11th.
Separately, BidaskClub downgraded Twenty-First Century Fox from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th.
In related news, insider Lachlan K. Murdoch purchased 137,801 shares of the firm’s stock in a transaction on Thursday, August 16th. The stock was bought at an average cost of $45.48 per share, with a total value of $6,267,189.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 39.40% of the company’s stock.
Twenty-First Century Fox Company Profile
Twenty-First Century Fox, Inc operates as a diversified media and entertainment company primarily in the United States and Canada, Europe, and internationally. It operates through Cable Network Programming, Television, and Filmed Entertainment segments. 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, telecommunication companies, and online video distributors.
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