Clark Estates INC Decreased Twenty First Centy Fox INC (FOXA) Position by $23.63 Million; Stock Value Rose

April 17, 2018 - By Kurt Siggers

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 $15.98 million, 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 $69.77B market cap company. The stock increased 2.13% or $0.79 during the last trading session, reaching $37.83. About 3.42M 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 Hanesbrands Inc (NYSE:HBI) by 245,675 shares to 1.10 million shares, valued at $23.00 million in 2017Q4, according to the filing. It also increased its holding in Centurylink Inc (NYSE:CTL) by 600,000 shares in the quarter, for a total of 1.20 million shares, and has risen its stake in Glaxosmithkline Plc (NYSE:GSK).

Analysts await Twenty-First Century Fox, Inc. (NASDAQ:FOXA) to report earnings on May, 9. They expect $0.56 EPS, 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 EPS 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 of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) has “Hold” rating given on Friday, December 22 by Cowen & Co. The stock of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) earned “Buy” rating by RBC Capital Markets on Thursday, November 9. As per Tuesday, January 9, the company rating was downgraded by Pivotal Research. On Monday, February 5 the stock rating was maintained by Cowen & Co with “Hold”. The stock of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) has “Buy” rating given on Wednesday, November 1 by Piper Jaffray. Jefferies maintained the shares of FOXA in report on Monday, October 30 with “Buy” rating. On Friday, March 16 the stock rating was initiated by Loop Capital Markets with “Buy”. The stock of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) earned “Buy” rating by Piper Jaffray on Friday, January 26. The firm earned “Sector Weight” rating on Friday, December 15 by KeyBanc Capital Markets. Wells Fargo maintained the shares of FOXA in report on Thursday, December 7 with “Buy” rating.

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

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