Short Interest in Twenty-First Century Fox Inc. (FOXA) Rises By 24.5%
Twenty-First Century Fox Inc. (NASDAQ:FOXA) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totalling 27,589,882 shares, a growth of 24.5% from the September 15th total of 22,152,073 shares. Based on an average trading volume of 12,675,123 shares, the short-interest ratio is presently 2.2 days. Approximately 2.6% of the company’s stock are sold short.
Large investors have recently made changes to their positions in the stock. Ngam Advisors L.P. raised its stake in shares of Twenty-First Century Fox by 31.4% in the first quarter. Ngam Advisors L.P. now owns 56,638 shares of the company’s stock worth $1,579,000 after buying an additional 13,527 shares during the period. NN Investment Partners Holdings N.V. bought a new stake in shares of Twenty-First Century Fox during the first quarter worth $214,000. Canada Pension Plan Investment Board raised its stake in shares of Twenty-First Century Fox by 55.0% in the first quarter. Canada Pension Plan Investment Board now owns 787,300 shares of the company’s stock worth $21,950,000 after buying an additional 279,400 shares during the period. BB&T Securities LLC raised its stake in shares of Twenty-First Century Fox by 1.8% in the first quarter. BB&T Securities LLC now owns 80,970 shares of the company’s stock worth $2,257,000 after buying an additional 1,433 shares during the period. Finally, Meeder Asset Management Inc. raised its stake in shares of Twenty-First Century Fox by 871.8% in the first quarter. Meeder Asset Management Inc. now owns 25,266 shares of the company’s stock worth $704,000 after buying an additional 22,666 shares during the period. 53.31% of the stock is currently owned by hedge funds and other institutional investors.
Twenty-First Century Fox (NASDAQ:FOXA) opened at 24.73 on Friday. Twenty-First Century Fox has a 12 month low of $22.66 and a 12 month high of $31.40. The stock’s 50 day moving average price is $24.30 and its 200-day moving average price is $27.17. The stock has a market cap of $46.06 billion, a price-to-earnings ratio of 17.46 and a beta of 1.34.
Twenty-First Century Fox (NASDAQ:FOXA) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.08. The firm had revenue of $6.65 billion for the quarter, compared to analyst estimates of $6.68 billion. Twenty-First Century Fox had a net margin of 10.08% and a return on equity of 21.63%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 earnings per share. Equities analysts expect that Twenty-First Century Fox will post $1.92 EPS for the current year.
The business also recently disclosed a dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Wednesday, September 14th will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, September 12th. This is a positive change from Twenty-First Century Fox’s previous dividend of $0.15. Twenty-First Century Fox’s payout ratio is 25.35%.
Several research analysts have recently issued reports on the company. Moffett Nathanson reissued a “buy” rating and issued a $32.00 target price on shares of Twenty-First Century Fox in a research report on Tuesday, July 12th. Nomura restated a “buy” rating on shares of Twenty-First Century Fox in a research note on Saturday, July 9th. Brean Capital restated a “hold” rating on shares of Twenty-First Century Fox in a research note on Friday, July 22nd. Credit Suisse Group AG cut their price target on Twenty-First Century Fox from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday, July 25th. Finally, RBC Capital Markets restated a “buy” rating and issued a $32.00 price target (down previously from $36.00) on shares of Twenty-First Century Fox in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $31.61.
About Twenty-First Century Fox
Twenty-First Century Fox, Inc is a media and entertainment company. The Company operates through segments: Cable Network Programming, Television, Filmed Entertainment, and Other, Corporate and Eliminations. 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, telecommunications companies and online video distributors in the United States and internationally.
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