Clark Estates INC Cut Its Stake in Twenty First Centy Fox INC (FOXA) by $23.63 Million as Share Price Rose

April 17, 2018 - By reb123z

Twenty-First Century Fox, Inc. (NASDAQ:FOXA) Logo

Clark Estates Inc decreased its stake in Twenty First Centy Fox Inc (FOXA) by 60.03% based on its latest 2017Q4 regulatory filing with the SEC. Clark Estates Inc sold 695,000 shares as the company’s stock rose 3.52% while stock markets declined. The institutional investor held 462,700 shares of the consumer services company at the end of 2017Q4, valued at $15.98M, down from 1.16M at the end of the previous reported quarter. Clark Estates Inc who had been investing in Twenty First Centy Fox Inc for a number of months, seems to be less bullish one the $69.77 billion market cap company. The stock increased 2.13% or $0.79 during the last trading session, reaching $37.83. About 3.42 million shares traded. Twenty-First Century Fox, Inc. (NASDAQ:FOXA) has risen 14.36% since April 17, 2017 and is uptrending. It has outperformed by 2.81% the S&P500.

Clark Estates Inc, which manages about $605.49M US Long portfolio, upped its stake in Centurylink Inc (NYSE:CTL) by 600,000 shares to 1.20 million shares, valued at $20.02 million in 2017Q4, according to the filing. It also increased its holding in Omnicom Group Inc (NYSE:OMC) by 209,300 shares in the quarter, for a total of 343,400 shares, and has risen its stake in Hanesbrands Inc (NYSE:HBI).

Analysts await Twenty-First Century Fox, Inc. (NASDAQ:FOXA) to report earnings on May, 9. They expect $0.56 earnings per share, up 3.70 % or $0.02 from last year’s $0.54 per share. FOXA’s profit will be $1.03B for 16.89 P/E if the $0.56 EPS becomes a reality. After $0.42 actual earnings per share reported by Twenty-First Century Fox, Inc. for the previous quarter, Wall Street now forecasts 33.33 % EPS growth.

Twenty-First Century Fox, Inc. (NASDAQ:FOXA) Ratings Coverage

Among 13 analysts covering 21st Century Fox (NASDAQ:FOXA), 6 have Buy rating, 1 Sell and 6 Hold. Therefore 46% are positive. 21st Century Fox had 22 analyst reports since October 24, 2017 according to SRatingsIntel. The stock has “Buy” rating by B. Riley & Co on Tuesday, January 16. The stock has “Buy” rating by RBC Capital Markets on Thursday, November 9. Jefferies maintained Twenty-First Century Fox, Inc. (NASDAQ:FOXA) rating on Thursday, December 21. Jefferies has “Buy” rating and $43.0 target. The rating was maintained by BMO Capital Markets with “Buy” on Wednesday, November 22. Cowen & Co maintained it with “Hold” rating and $37.0 target in Friday, December 22 report. Loop Capital downgraded the shares of FOXA in report on Thursday, December 21 to “Sell” rating. The rating was maintained by Piper Jaffray on Friday, December 15 with “Buy”. FBR Capital maintained it with “Hold” rating and $36.0 target in Friday, November 17 report. On Monday, October 30 the stock rating was maintained by Jefferies with “Buy”. The stock of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) has “Buy” rating given on Friday, March 16 by Loop Capital Markets.

Twenty-First Century Fox, Inc. (NASDAQ:FOXA) Institutional Positions Chart

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