State Board of Administration of Florida Retirement System Has $60.62 Million Stake in 21st Century

State Board of Administration of Florida Retirement System trimmed its holdings in shares of 21st Century Fox (NASDAQ:FOXA) by 3.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,652,182 shares of the company’s stock after selling 55,007 shares during the period. State Board of Administration of Florida Retirement System’s holdings in 21st Century Fox were worth $60,619,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in FOXA. Conning Inc. increased its position in shares of 21st Century Fox by 8.1% during the 1st quarter. Conning Inc. now owns 26,052 shares of the company’s stock worth $956,000 after purchasing an additional 1,960 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of 21st Century Fox during the 1st quarter worth about $854,000. Zions Bancorporation acquired a new stake in shares of 21st Century Fox during the 1st quarter worth about $181,000. Meeder Asset Management Inc. increased its position in shares of 21st Century Fox by 426.6% during the 1st quarter. Meeder Asset Management Inc. now owns 11,585 shares of the company’s stock worth $425,000 after purchasing an additional 9,385 shares in the last quarter. Finally, Advisor Partners LLC increased its position in shares of 21st Century Fox by 19.0% during the 1st quarter. Advisor Partners LLC now owns 22,404 shares of the company’s stock worth $822,000 after purchasing an additional 3,574 shares in the last quarter. 53.61% of the stock is owned by institutional investors.

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A number of equities research analysts recently issued reports on FOXA shares. Loop Capital started coverage on shares of 21st Century Fox in a research report on Thursday, March 15th. They set a “buy” rating and a $43.00 target price for the company. Pivotal Research reiterated a “hold” rating and set a $35.00 target price on shares of 21st Century Fox in a research report on Tuesday, April 17th. BMO Capital Markets increased 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 report on Monday, February 12th. Piper Jaffray reiterated a “buy” rating and set a $44.00 target price on shares of 21st Century Fox in a research report on Friday, January 26th. Finally, Atlantic Securities upgraded shares of 21st Century Fox from a “neutral” rating to an “overweight” rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $38.33.

FOXA opened at $38.04 on Tuesday. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $69.77 billion, a price-to-earnings ratio of 20.81, a P/E/G ratio of 1.84 and a beta of 1.32. 21st Century Fox has a 1-year low of $24.81 and a 1-year high of $39.13.

21st Century Fox (NASDAQ:FOXA) last issued its earnings results on Wednesday, February 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. The company had revenue of $8.04 billion for the quarter, compared to analyst estimates of $7.94 billion. 21st Century Fox had a net margin of 13.49% and a return on equity of 19.01%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. equities research analysts forecast that 21st Century Fox will post 1.99 EPS 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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Institutional Ownership by Quarter for 21st Century Fox (NASDAQ:FOXA)

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