Twenty-First Century Fox Sees Large Increase in Short Interest (FOXA)
Shares of Twenty-First Century Fox (NASDAQ:FOXA) were the target of a large growth in short interest in August. As of August 15th, there was short interest totalling 69,603,979 shares, a growth of 2.6% from the July 31st total of 67,832,353 shares, StockRatingsNetwork.com reports. Based on an average daily volume of 23,483,691 shares, the days-to-cover ratio is currently 3.0 days. Currently, 4.9% of the shares of the stock are short sold.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Twenty-First Century Fox in a research note on Friday, August 22nd. They now have a $38.00 price target on the stock. Separately, analysts at Cowen and Company upgraded shares of Twenty-First Century Fox from an “underperform” rating to a “market perform” rating in a research note on Thursday, August 7th. They now have a $35.00 price target on the stock, up previously from $29.00. Finally, analysts at Morgan Stanley initiated coverage on shares of Twenty-First Century Fox in a research note on Tuesday, August 5th. They set an “overweight” rating and a $37.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $39.75.
Shares of Twenty-First Century Fox (NASDAQ:FOXA) opened at 35.42 on Monday. Twenty-First Century Fox has a 1-year low of $30.67 and a 1-year high of $36.43. The stock’s 50-day moving average is $34.09 and its 200-day moving average is $33.82. The company has a market cap of $77.572 billion and a P/E ratio of 17.88.
Twenty-First Century Fox (NASDAQ:FOXA) last announced its earnings results on Wednesday, August 6th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.05. The company had revenue of $8.42 billion for the quarter, compared to the consensus estimate of $7.99 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 16.8% on a year-over-year basis. On average, analysts predict that Twenty-First Century Fox will post $1.71 earnings per share for the current fiscal year.
The company also recently announced a semiannual dividend, which is scheduled for Wednesday, October 15th. Investors of record on Wednesday, September 10th will be paid a dividend of $0.125 per share. This represents a dividend yield of 0.73%. The ex-dividend date is Monday, September 8th.
Twenty-First Century Fox, Inc, formerly News Corporation, is a diversified global media and entertainment company with operations in cable network programming; television; filmed entertainment; direct broadcast satellite television, and other, corporate and eliminations.
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