Mangrove Partners Buys New Position in Twenty-First Century Fox Inc (FOX)

Mangrove Partners bought a new position in Twenty-First Century Fox Inc (NASDAQ:FOX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 149,650 shares of the company’s stock, valued at approximately $5,106,000. Twenty-First Century Fox accounts for approximately 0.7% of Mangrove Partners’ holdings, making the stock its 23rd biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Stone Ridge Asset Management LLC acquired a new stake in shares of Twenty-First Century Fox during the fourth quarter valued at about $1,691,000. Foundation Asset Management LP bought a new position in shares of Twenty-First Century Fox during the fourth quarter worth about $13,648,000. Manikay Partners LLC lifted its position in shares of Twenty-First Century Fox by 59.3% during the fourth quarter. Manikay Partners LLC now owns 2,350,000 shares of the company’s stock worth $80,182,000 after purchasing an additional 875,000 shares during the last quarter. Freshford Capital Management LLC lifted its position in shares of Twenty-First Century Fox by 6.3% during the fourth quarter. Freshford Capital Management LLC now owns 685,981 shares of the company’s stock worth $23,406,000 after purchasing an additional 40,364 shares during the last quarter. Finally, BlueCrest Capital Management Ltd lifted its position in shares of Twenty-First Century Fox by 57.1% during the fourth quarter. BlueCrest Capital Management Ltd now owns 111,659 shares of the company’s stock worth $3,810,000 after purchasing an additional 40,583 shares during the last quarter. 24.31% of the stock is currently owned by institutional investors and hedge funds.

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Shares of NASDAQ FOX traded down $0.69 during mid-day trading on Monday, reaching $35.68. 3,643,458 shares of the company traded hands, compared to its average volume of 3,131,075. Twenty-First Century Fox Inc has a fifty-two week low of $24.30 and a fifty-two week high of $38.56. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.16 and a quick ratio of 1.77. The firm has a market capitalization of $67,376.44, a PE ratio of 20.09 and a beta of 1.25.

Twenty-First Century Fox (NASDAQ:FOX) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The firm had revenue of $8.04 billion for the quarter. Twenty-First Century Fox had a net margin of 13.49% and a return on equity of 19.01%.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Wednesday, March 14th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.02%. The ex-dividend date is Tuesday, March 13th.

FOX has been the topic of several research analyst reports. BidaskClub raised shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research report on Friday, January 5th. Loop Capital began coverage on shares of Twenty-First Century Fox in a report on Friday, March 16th. They issued a “buy” rating and a $43.00 target price on the stock. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $37.00.

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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.

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

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