Twenty-First Century Fox Inc. (FOXA) Sees Significant Increase in Short Interest
Twenty-First Century Fox Inc. (NASDAQ:FOXA) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 35,420,927 shares, a growth of 19.9% from the October 14th total of 29,542,208 shares. Based on an average trading volume of 12,840,919 shares, the days-to-cover ratio is presently 2.8 days. Currently, 3.4% of the company’s stock are short sold.
Shares of Twenty-First Century Fox (NASDAQ:FOXA) opened at 27.92 on Friday. The stock has a 50 day moving average price of $25.83 and a 200 day moving average price of $26.65. Twenty-First Century Fox has a 1-year low of $22.66 and a 1-year high of $31.25. The company has a market capitalization of $51.80 billion, a price-to-earnings ratio of 18.45 and a beta of 1.28.
Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.07. The business earned $6.51 billion during the quarter, compared to analyst estimates of $6.49 billion. Twenty-First Century Fox had a return on equity of 23.28% and a net margin of 10.45%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. On average, equities analysts anticipate that Twenty-First Century Fox will post $1.91 EPS for the current fiscal year.
Several equities research analysts have commented on the company. Jefferies Group dropped their target price on Twenty-First Century Fox from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, August 4th. FBR & Co dropped their target price on Twenty-First Century Fox from $42.00 to $38.00 and set a “market perform” rating on the stock in a report on Thursday, August 4th. RBC Capital Markets reissued a “buy” rating and issued a $32.00 target price (down from $36.00) on shares of Twenty-First Century Fox in a report on Thursday, August 4th. Needham & Company LLC restated a “hold” rating on shares of Twenty-First Century Fox in a research note on Friday, August 5th. Finally, Zacks Investment Research upgraded Twenty-First Century Fox from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $31.57.
Several institutional investors have recently added to or reduced their stakes in the stock. Independent Franchise Partners LLP acquired a new position in shares of Twenty-First Century Fox during the third quarter valued at $496,728,000. Waddell & Reed Financial Inc. acquired a new position in shares of Twenty-First Century Fox during the second quarter valued at $230,114,000. Yacktman Asset Management LP raised its position in shares of Twenty-First Century Fox by 18.8% in the third quarter. Yacktman Asset Management LP now owns 47,597,094 shares of the company’s stock valued at $1,152,802,000 after buying an additional 7,533,408 shares in the last quarter. Capital Research Global Investors raised its position in shares of Twenty-First Century Fox by 8.4% in the third quarter. Capital Research Global Investors now owns 57,390,778 shares of the company’s stock valued at $1,390,005,000 after buying an additional 4,436,459 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Twenty-First Century Fox during the third quarter valued at $90,122,000. Institutional investors and hedge funds own 54.43% of the company’s stock.
About Twenty-First Century Fox
Twenty-First Century Fox, Inc is a media and entertainment company. The Company’s segments include Cable Network Programming; Television; Filmed Entertainment, and Other, Corporate and Eliminations. The Cable Network Programming segment produces and licenses news, business news, sports, general entertainment, factual entertainment and movie programming for distribution.
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