Traders Purchase High Volume of Twenty-First Century Fox Call Options (FOXA)
Twenty-First Century Fox Inc (NASDAQ:FOXA) saw some unusual options trading activity on Wednesday. Traders bought 34,729 call options on the company. This is an increase of approximately 1,479% compared to the typical volume of 2,200 call options.
FOXA opened at $51.70 on Friday. The company has a market cap of $94.48 billion, a P/E ratio of 26.24, a price-to-earnings-growth ratio of 2.21 and a beta of 0.97. Twenty-First Century Fox has a 1 year low of $35.40 and a 1 year high of $51.95. The company has a debt-to-equity ratio of 0.55, a current ratio of 4.29 and a quick ratio of 3.79.
Twenty-First Century Fox (NASDAQ:FOXA) last posted its earnings results on Wednesday, February 6th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.05. The firm had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.47 billion. Twenty-First Century Fox had a net margin of 44.71% and a return on equity of 15.09%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS. On average, analysts expect that Twenty-First Century Fox will post 1.98 earnings per share for the current year.
FOXA has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Twenty-First Century Fox from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Gabelli reaffirmed a “buy” rating on shares of Twenty-First Century Fox in a research note on Tuesday, November 27th. Vertical Group raised shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Wolfe Research initiated coverage on shares of Twenty-First Century Fox in a research note on Friday, December 7th. They set an “outperform” rating for the company. Finally, UBS Group upped their price objective on shares of Twenty-First Century Fox to $52.00 and gave the company a “neutral” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $51.00.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Prime Capital Investment Advisors LLC acquired a new stake in Twenty-First Century Fox in the fourth quarter valued at approximately $26,000. Sontag Advisory LLC acquired a new stake in Twenty-First Century Fox in the fourth quarter valued at approximately $36,000. We Are One Seven LLC acquired a new stake in Twenty-First Century Fox in the fourth quarter valued at approximately $38,000. Athena Capital Advisors LLC acquired a new stake in Twenty-First Century Fox in the fourth quarter valued at approximately $40,000. Finally, Moody National Bank Trust Division acquired a new stake in Twenty-First Century Fox in the fourth quarter valued at approximately $49,000. 49.79% of the stock is owned by hedge funds and other institutional investors.
Twenty-First Century Fox Company Profile
Twenty-First Century Fox, Inc operates as a diversified media and entertainment company primarily in the United States and Canada, Europe, and internationally. It operates through Cable Network Programming, Television, and Filmed Entertainment segments. The company produces and licenses news, business news, sports, general entertainment, factual entertainment, and movie programming for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunication companies, and online video distributors.
Read More: Buy-Side Analysts
Receive News & Ratings for Twenty-First Century Fox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twenty-First Century Fox and related companies with MarketBeat.com's FREE daily email newsletter.