Disney Resumes Talks to Acquire Fox Assets

Disney is reportedly nearing a deal to buy 21st Century Fox's TV business

News coverage about Twenty-First Century Fox (NASDAQ:FOX) has trended somewhat positive on Wednesday, AlphaOne Sentiment Analysis reports. Blue Ridge Capital Llc sold 5.16 million shares as the company's stock declined 17.26% while stock markets rallied.

The stock of Twenty-First Century Fox, Inc. (NASDAQ:FOX). Rampart Mngmt Limited Liability Co owns 6,259 shares or 0.06% of their United States portfolio. Moreover, Dnb Asset Mngmt As has 0% invested in Twenty-First Century Fox, Inc. The stock of Twenty-First Century Fox, Inc. About 2.64 million shares traded.

Glg Llc increased Twenty First Centy Fox Inc (FOXA) stake by 200.72% reported in 2017Q2 SEC filing. (NASDAQ:FOXA) traded up $0.90 on Monday, reaching $33.09. Over the last five trading sessions, the stock has moved 8.79%. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.73 and a current ratio of 2.08. LS Investment Advisors LLC boosted its stake in Twenty-First Century Fox by 3.3% during the 2nd quarter. (NASDAQ:FOXA) has declined 2.90% since December 5, 2016 and is downtrending. (NASDAQ:FOX). Envestnet Asset Management Inc reported 41,077 shares. Engineers Gate Manager Limited Partnership holds 0.02% in Twenty-First Century Fox, Inc. The First Wilshire Securities Management Inc holds 389,288 shares with $915,000 value, up from 227,193 last quarter. Robeco Institutional Asset Mgmt Bv has invested 0% in Twenty-First Century Fox, Inc.

FOXA has been the subject of several recent analyst reports. TheStreet cut Twenty-First Century Fox from a "b" rating to a "c+" rating in a report on Wednesday, May 24th. Morgan Stanley maintained the shares of FOXA in report on Tuesday, February 9 with "Overweight" rating. (NASDAQ:FOX) shares have climbed higher recently touching a new 52-week peak.

Deadline reported last week that talks were heating up between Disney and Fox after reaching an impasse over price. U.S. Silica had 78 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has "Hold" rating by Cowen & Co on Friday, July 7. They issued a "neutral" rating and a $33.00 target price on the stock. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of USA & worldwide copyright laws.

Twenty-First Century Fox, Inc., together with its subsidiaries, operates as a diversified media and entertainment firm primarily in the United States, the United Kingdom, Continental Europe, Asia, and Latin America. The Company's segments include Cable Network Programming; Television; Filmed Entertainment, and Other, Corporate and Eliminations.

A deal with media mogul Rupert Murdoch's Fox will give Disney more shows and movies for television and online distribution at a time when companies such as Amazon.com Inc and Netflix Inc are spending billions to bulk up on programming.

Related News: