Twenty-First Century Fox, Inc. (FOXA) Shares Bought by Shell Asset Management Co

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Walt Disney Co. held talks to buy most of 21st Century Fox Inc., which would have given the entertainment giant control of another studio and TV production assets, CNBC said, citing people familiar with the situation. (NASDAQ:FOXA) by 11.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. Harding Loevner Lp sold 1.48M shares as the company's stock rose 15.61% with the market. Sterling Capital Management LLC lifted its holdings in shares of Twenty-First Century Fox by 1.2% in the second quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. State of Alaska Department of Revenue lifted its holdings in shares of Twenty-First Century Fox by 4.8% in the second quarter. Global X Management Co. Midwest Investment Management LLC lifted its holdings in shares of Twenty-First Century Fox by 0.3% in the second quarter. Twenty-First Century Fox Inc (NASDAQ:FOX) has declined 4.35% since November 5, 2016 and is downtrending. Sterling Capital Management LLC now owns 8,494 shares of the company's stock worth $241,000 after buying an additional 99 shares in the last quarter.

Since the news of the talks broke, shares of 21st Century Fox shot up 6 percent. The fund owned 1,189,545 shares of the company's stock after buying an additional 178,070 shares during the period.

Several institutional investors have recently made changes to their positions in the company.

FOXA is now undervalued by -24.29% relative to the average 1-year price target of $32.98 taken from a group of Wall Street Analysts. About 6.37 million shares traded or 58.46% up from the average.

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Shares of both Disney and Fox are down year-to-date, as the acceleration of cord-cutting and a weak box office have provided some media headwinds. The company has a quick ratio of 1.82, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. Analysts polled by Zacks anticipate revenues of $6,868 million compared with $6,506 million reported in the prior-year quarter. Polar Asset Prtnrs invested 0.01% of its portfolio in Twenty-First Century Fox Inc (NASDAQ:FOX). Twenty-First Century Fox's quarterly revenue was up 1.5% on a year-over-year basis. Officials at Disney and Fox declined to comment.

The company also recently declared a semiannual dividend, which was paid on Wednesday, October 18th. Ltd. raised its position in Twenty-First Century Fox by 121.5% in the second quarter. FOXA is scheduled to report first-quarter fiscal 2018 results on Nov 8. BlackRock Inc. increased its holdings in Twenty-First Century Fox by 2.5% in the 2nd quarter. Cowen and Company reiterated a "market perform" rating and issued a $32.00 price target (down from $33.00) on shares of Twenty-First Century Fox in a report on Thursday, August 10th. The stock ended last trade at $24.43 a share and the price is up more than -10.35% so far this year. Guggenheim reaffirmed a "buy" rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a research note on Wednesday, July 12th. Twenty-First Century Fox now has an average rating of "Buy" and a consensus price target of $33.58.

ILLEGAL ACTIVITY NOTICE: This story was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. However, growth in both Cable Network Programming and Filmed Entertainment is likely to be partially offset by weakness in Television segment, which is expected to report revenues of $1,056 million compared with the prior-year quarter revenues of $1,907 million.

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