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Twenty-First Century Fox Inc (FOXA) Loses Ground on Back of Earnings Data; Do Hedge Funds Like the Stock?

Twenty-First Century Fox Inc (NASDAQ:FOXA) released its earnings results for the fourth quarter of fiscal 2014, beating the earnings estimates but missing on revenue. The company posted earnings per share of $0.39, down by 7.1% on the year, compared to $0.37 expected by analysts. Its revenue declined to $6.21 billion, down from $8.42 billion in year ago quarter, and lower that the $6.41 billion expected by Wall Street. In early trading hours today, the stock has fallen by 10% and has slightly recovered to negative 7%. Alongside the report, the company also announced a $0.15 dividend to shareholders payable on October 14.

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Let’s have a quick look at hedge fund sentiment surrounding Twenty-First Century Fox Inc (NASDAQ:FOXA) going into the second quarter of 2015. Out of the more than 700 hedge funds tracked by Insider Monkey, at the end of the first quarter 63 held long positions worth $4.97 billion, down from 64 hedge funds with an investment worth $6.17 billion. This shows an outflow of capital during the first...


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