Twenty-First Century Fox, Inc. (FOX) Short Interest Up 24.0% in September
Twenty-First Century Fox, Inc. (NASDAQ:FOX) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 8,820,499 shares, a growth of 24.0% from the August 31st total of 7,114,536 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average trading volume of 3,734,180 shares, the days-to-cover ratio is presently 2.4 days.
In other news, CEO James R. Murdoch sold 111,713 shares of Twenty-First Century Fox stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $27.94, for a total value of $3,121,261.22. Following the transaction, the chief executive officer now directly owns 234,236 shares in the company, valued at approximately $6,544,553.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David F. Devoe sold 30,149 shares of Twenty-First Century Fox stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $28.01, for a total value of $844,473.49. Following the completion of the transaction, the director now owns 55,647 shares in the company, valued at $1,558,672.47. The disclosure for this sale can be found here. Company insiders own 39.40% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. purchased a new position in Twenty-First Century Fox in the first quarter valued at $105,000. Tredje AP fonden increased its holdings in Twenty-First Century Fox by 64.7% in the first quarter. Tredje AP fonden now owns 3,531 shares of the company’s stock valued at $113,000 after buying an additional 1,387 shares during the last quarter. Dupont Capital Management Corp purchased a new position in Twenty-First Century Fox in the second quarter valued at $122,000. Quantbot Technologies LP increased its holdings in Twenty-First Century Fox by 139.2% in the second quarter. Quantbot Technologies LP now owns 4,418 shares of the company’s stock valued at $123,000 after buying an additional 2,571 shares during the last quarter. Finally, Elgethun Capital Management purchased a new position in Twenty-First Century Fox in the second quarter valued at $201,000. 23.27% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Twenty-First Century Fox (NASDAQ FOX) opened at 26.77 on Thursday. The stock has a 50 day moving average price of $26.92 and a 200-day moving average price of $28.24. The firm has a market cap of $49.55 billion, a PE ratio of 16.88 and a beta of 1.20. Twenty-First Century Fox has a 52-week low of $24.16 and a 52-week high of $31.94.
Twenty-First Century Fox (NASDAQ:FOX) last posted its earnings results on Wednesday, August 9th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $6.75 billion during the quarter. Twenty-First Century Fox had a net margin of 10.36% and a return on equity of 22.47%. During the same quarter in the previous year, the business earned $0.45 earnings per share. On average, equities analysts anticipate that Twenty-First Century Fox will post $2.07 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Investors of record on Wednesday, September 13th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Tuesday, September 12th. Twenty-First Century Fox’s dividend payout ratio (DPR) is presently 22.64%.
FOX has been the subject of a number of recent analyst reports. TheStreet raised Twenty-First Century Fox from a “c+” rating to a “b-” rating in a research report on Friday, August 4th. Zacks Investment Research raised Twenty-First Century Fox from a “sell” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Tuesday, June 13th. Finally, BidaskClub raised Twenty-First Century Fox from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $33.00.
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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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