Twenty-First Century Fox, Inc. (NASDAQ:FOXA) Short Interest Up 13.9% in July
Twenty-First Century Fox, Inc. (NASDAQ:FOXA) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 26,782,231 shares, a growth of 13.9% from the July 14th total of 23,505,756 shares. Based on an average daily trading volume, of 9,074,372 shares, the short-interest ratio is currently 3.0 days. Currently, 2.6% of the company’s stock are short sold.
Twenty-First Century Fox (NASDAQ:FOXA) opened at 27.88 on Friday. The firm has a market capitalization of $51.60 billion, a PE ratio of 17.15 and a beta of 1.27. Twenty-First Century Fox has a one year low of $23.33 and a one year high of $32.60. The stock has a 50 day moving average price of $28.13 and a 200-day moving average price of $29.37.
Twenty-First Century Fox (NASDAQ:FOXA) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.79 billion. Twenty-First Century Fox had a return on equity of 24.40% and a net margin of 10.72%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 earnings per share. On average, equities analysts forecast that Twenty-First Century Fox will post $2.03 earnings per share for the current year.
The business also recently declared a semiannual dividend, which will be paid on Wednesday, October 18th. Investors of record on Wednesday, September 13th will be paid a $0.18 dividend. This represents a dividend yield of 1.29%. The ex-dividend date is Tuesday, September 12th. Twenty-First Century Fox’s dividend payout ratio (DPR) is currently 22.09%.
Several research firms recently weighed in on FOXA. Guggenheim reissued a “buy” rating and set a $35.00 price target (up from $34.00) on shares of Twenty-First Century Fox in a research report on Friday, April 14th. Needham & Company LLC reissued a “hold” rating on shares of Twenty-First Century Fox in a research report on Thursday, May 11th. BMO Capital Markets set a $36.00 price target on Twenty-First Century Fox and gave the company a “buy” rating in a research report on Friday, June 16th. Instinet reaffirmed a “buy” rating and issued a $35.00 target price (down from $37.00) on shares of Twenty-First Century Fox in a research report on Thursday, May 11th. Finally, Credit Suisse Group reaffirmed a “buy” rating on shares of Twenty-First Century Fox in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have issued a buy rating to the company. Twenty-First Century Fox currently has a consensus rating of “Buy” and an average target price of $33.15.
A number of large investors have recently added to or reduced their stakes in FOXA. Advisory Services Network LLC acquired a new stake in Twenty-First Century Fox during the first quarter valued at $106,000. Grove Bank & Trust boosted its stake in Twenty-First Century Fox by 1,328.3% in the second quarter. Grove Bank & Trust now owns 3,785 shares of the company’s stock valued at $107,000 after buying an additional 3,520 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Twenty-First Century Fox by 4.8% in the second quarter. State of Alaska Department of Revenue now owns 4,365 shares of the company’s stock valued at $123,000 after buying an additional 200 shares during the last quarter. Whittier Trust Co. boosted its stake in Twenty-First Century Fox by 22.3% in the first quarter. Whittier Trust Co. now owns 3,821 shares of the company’s stock valued at $124,000 after buying an additional 697 shares during the last quarter. Finally, TrimTabs Asset Management LLC boosted its stake in Twenty-First Century Fox by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 4,384 shares of the company’s stock valued at $142,000 after buying an additional 2,064 shares during the last quarter. Hedge funds and other institutional investors own 53.96% of the company’s stock.
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Twenty-First Century Fox Company Profile
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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