Mirae Asset Global Investments Co. Ltd. Boosts Stake in Twenty-First Century Fox Inc (FOX)

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Mirae Asset Global Investments Co. Ltd. lifted its stake in Twenty-First Century Fox Inc (NASDAQ:FOX) by 69.8% during the third quarter, Holdings Channel reports. The fund owned 94,551 shares of the company’s stock after purchasing an additional 38,866 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Twenty-First Century Fox were worth $4,323,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gamble Jones Investment Counsel acquired a new position in shares of Twenty-First Century Fox in the third quarter worth $123,000. Sageworth Trust Co increased its stake in shares of Twenty-First Century Fox by 266.7% in the third quarter. Sageworth Trust Co now owns 3,300 shares of the company’s stock worth $151,000 after acquiring an additional 2,400 shares during the last quarter. Dupont Capital Management Corp increased its stake in shares of Twenty-First Century Fox by 91.2% in the third quarter. Dupont Capital Management Corp now owns 3,749 shares of the company’s stock worth $172,000 after acquiring an additional 1,788 shares during the last quarter. US Bancorp DE increased its stake in shares of Twenty-First Century Fox by 116.8% in the second quarter. US Bancorp DE now owns 3,840 shares of the company’s stock worth $189,000 after acquiring an additional 2,069 shares during the last quarter. Finally, People s United Financial Inc. acquired a new position in Twenty-First Century Fox during the second quarter worth $211,000. 21.93% of the stock is currently owned by institutional investors and hedge funds.

Twenty-First Century Fox stock opened at $48.99 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.96 and a current ratio of 2.45. The firm has a market cap of $91.20 billion, a price-to-earnings ratio of 24.87 and a beta of 1.19. Twenty-First Century Fox Inc has a one year low of $32.06 and a one year high of $49.65.

Twenty-First Century Fox (NASDAQ:FOX) last posted its earnings results on Wednesday, November 7th. The company reported $0.52 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. The firm had revenue of $7.18 billion for the quarter. Twenty-First Century Fox had a net margin of 16.01% and a return on equity of 18.01%. On average, sell-side analysts predict that Twenty-First Century Fox Inc will post 1.86 EPS for the current fiscal year.

Several research firms have commented on FOX. BidaskClub downgraded shares of Twenty-First Century Fox from a “hold” rating to a “sell” rating in a research report on Thursday, August 30th. ValuEngine downgraded shares of Twenty-First Century Fox from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st.

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Twenty-First Century Fox 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.

See Also: Systematic Risk

Want to see what other hedge funds are holding FOX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twenty-First Century Fox Inc (NASDAQ:FOX).

Institutional Ownership by Quarter for Twenty-First Century Fox (NASDAQ:FOX)

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