Fox Co. (NASDAQ:FOX) Short Interest Update

Fox Co. (NASDAQ:FOX) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 4,080,000 shares, a decrease of 6.0% from the March 15th total of 4,340,000 shares. Based on an average trading volume of 1,360,000 shares, the short-interest ratio is presently 3.0 days. Approximately 3.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its position in FOX by 14.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,776 shares of the company’s stock worth $89,000 after purchasing an additional 358 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of FOX by 0.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 126,123 shares of the company’s stock worth $3,588,000 after buying an additional 367 shares in the last quarter. New Mexico Educational Retirement Board increased its holdings in shares of FOX by 6.0% during the third quarter. New Mexico Educational Retirement Board now owns 7,083 shares of the company’s stock worth $205,000 after buying an additional 400 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of FOX by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 88,783 shares of the company’s stock worth $2,564,000 after buying an additional 401 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of FOX by 2.1% during the first quarter. PNC Financial Services Group Inc. now owns 20,220 shares of the company’s stock worth $733,000 after buying an additional 411 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

FOX Stock Performance

Shares of NASDAQ FOX traded up $0.03 during mid-day trading on Tuesday, hitting $27.95. The company had a trading volume of 1,172,362 shares, compared to its average volume of 1,327,927. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.29 and a quick ratio of 2.01. The business’s 50-day simple moving average is $27.60 and its 200-day simple moving average is $28.06. FOX has a 12 month low of $25.82 and a 12 month high of $33.24. The firm has a market cap of $13.27 billion, a P/E ratio of 16.52 and a beta of 0.85.

FOX (NASDAQ:FOX) last released its earnings results on Wednesday, February 7th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.23. FOX had a net margin of 5.75% and a return on equity of 15.81%. The business had revenue of $4.23 billion during the quarter. During the same quarter in the previous year, the business posted $0.48 EPS.

FOX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 6th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.72%. The ex-dividend date was Tuesday, March 5th. This is a positive change from FOX’s previous quarterly dividend of $0.24. FOX’s dividend payout ratio is 30.77%.

Wall Street Analyst Weigh In

Separately, TheStreet cut shares of FOX from a “b-” rating to a “c” rating in a report on Wednesday, February 7th.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution through traditional cable television systems, direct broadcast satellite operators, and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.