Fox Corporation (NASDAQ:FOX) Short Interest Down 19.0% in February

Fox Corporation (NASDAQ:FOX) saw a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 9,280,067 shares, a decline of 19.0% from the February 12th total of 11,450,919 shares. Based on an average daily trading volume, of 1,780,890 shares, the days-to-cover ratio is currently 5.2 days. Currently, 2.8% of the company’s shares are sold short. Currently, 2.8% of the company’s shares are sold short. Based on an average daily trading volume, of 1,780,890 shares, the days-to-cover ratio is currently 5.2 days.

FOX News Summary

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Major international crisis and strike coverage drives realtime audience demand — Fox is running extensive live coverage of U.S.-Iran/Israel developments and related strikes, a type of breaking-news cycle that typically lifts linear and digital viewership and short-term ad revenues. Live updates: US-Iran-Israel war
• Positive Sentiment: Domestic violent incidents and terror-related stories (synagogue shooting, other attacks) are generating heavy local and national coverage — again likely to boost audience engagement across Fox’s news platforms. Recent terror attacks rattle American communities
• Positive Sentiment: Sports and event programming continue to supply appointment viewing (WWE features, Kyler Murray signing, WBC coverage) — stable non-news content that supports diversified ad inventory and subscriber interest. Kyler Murray signs with Vikings
• Neutral Sentiment: High-profile event coverage (NASA’s Artemis II crewed launch target) can produce one-time spikes in audience but is episodic rather than recurring revenue. NASA targets April 1 launch for Artemis II
• Neutral Sentiment: Industry media miscues and rival coverage (e.g., deleted posts, reporting errors at other outlets) create short-term headlines in media circles but are unlikely to materially change Fox’s fundamentals. CNN reporter deletes post
• Neutral Sentiment: Human-interest and cultural pieces (e.g., WWE profile, athlete support stories) support audience breadth but are not major earnings drivers. WWE Bayley opens up
• Negative Sentiment: Political and government disruption — DHS closure/airport chaos and unpaid TSA officer stories — can suppress ad demand tied to travel-related categories and increase advertiser caution during uncertain periods. Airport security strain during shutdown grows
• Negative Sentiment: Ongoing geopolitical risk can depress broader market sentiment and make advertisers more cautious with upfront commitments — a headwind for ad-driven media stocks if sustained. Iran targets oil tankers, fuel storage facilities
• Negative Sentiment: Technical and valuation pressures: FOX is trading below its 50- and 200-day moving averages and volume is elevated vs. average — signals that can amplify short-term downside even if ratings rise. (Company fundamentals: market cap, P/E and recent earnings beat remain supportive.)

Insider Buying and Selling at FOX

In related news, COO John Nallen sold 216,806 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $57.68, for a total transaction of $12,505,370.08. Following the completion of the sale, the chief operating officer directly owned 362,206 shares of the company’s stock, valued at approximately $20,892,042.08. This represents a 37.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lachlan K. Murdoch sold 637,752 shares of the company’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $58.20, for a total transaction of $37,117,166.40. Following the sale, the chief executive officer directly owned 152 shares of the company’s stock, valued at approximately $8,846.40. This trade represents a 99.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,586,871 shares of company stock valued at $91,893,926 in the last three months. Company insiders own 23.06% of the company’s stock.

Hedge Funds Weigh In On FOX

Several institutional investors and hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC acquired a new stake in shares of FOX during the third quarter worth approximately $26,000. Quent Capital LLC acquired a new stake in FOX in the third quarter valued at $32,000. Brown Brothers Harriman & Co. boosted its stake in FOX by 336.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 616 shares of the company’s stock valued at $35,000 after acquiring an additional 475 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in FOX during the 3rd quarter valued at $74,000. Finally, First Horizon Corp acquired a new position in FOX during the 3rd quarter worth $74,000. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FOX has been the topic of a number of recent research reports. Wells Fargo & Company cut FOX from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Zacks Research downgraded FOX from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Weiss Ratings reissued a “buy (b)” rating on shares of FOX in a research report on Monday, December 29th. Guggenheim restated a “buy” rating and issued a $85.00 price target on shares of FOX in a report on Monday, December 22nd. Finally, Bank of America reaffirmed an “underperform” rating and issued a $45.00 price objective (down from $80.00) on shares of FOX in a research report on Wednesday, February 25th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $75.00.

FOX Stock Performance

NASDAQ:FOX opened at $52.03 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.78 and a quick ratio of 2.44. The firm has a 50-day moving average of $58.85 and a two-hundred day moving average of $58.02. The stock has a market cap of $22.13 billion, a P/E ratio of 12.51, a PEG ratio of 7.20 and a beta of 0.59. FOX has a 1-year low of $43.18 and a 1-year high of $68.18.

FOX (NASDAQ:FOX) last announced its earnings results on Wednesday, February 4th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.31. FOX had a return on equity of 18.14% and a net margin of 11.41%.The business had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.06 billion. On average, research analysts expect that FOX will post 4.25 earnings per share for the current fiscal year.

FOX Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be issued a dividend of $0.28 per share. The ex-dividend date is Wednesday, March 4th. FOX’s payout ratio is currently 13.46%.

About FOX

Fox Corporation (NASDAQ:FOX) is a U.S.-based media company that operates television broadcast, news and sports businesses. The company traces its contemporary structure to the 2019 reorganization that followed the sale of certain entertainment assets to The Walt Disney Company; Fox Corporation retained a portfolio centered on the Fox Broadcasting Company, Fox Television Stations, Fox News Media and Fox Sports. Over time the company has expanded its digital footprint through acquisitions and direct-to-consumer services, building a mix of linear and streaming distribution.

FOX’s core activities include the creation, aggregation and distribution of television programming and live sports, the operation of national cable news and business networks, and the ownership and operation of local broadcast stations.