Twenty-First Century Fox Inc. (FOXA) Short Interest Up 24.5% in September
Twenty-First Century Fox Inc. (NASDAQ:FOXA) saw a large growth in short interest in the month of 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. Approximately 2.6% of the shares of the company are sold short. Based on an average daily volume of 12,675,123 shares, the short-interest ratio is presently 2.2 days.
Shares of Twenty-First Century Fox (NASDAQ:FOXA) opened at 24.55 on Thursday. The company has a market cap of $45.73 billion, a P/E ratio of 17.34 and a beta of 1.34. Twenty-First Century Fox has a 52-week low of $22.66 and a 52-week high of $31.40. The company has a 50-day moving average price of $24.30 and a 200-day moving average price of $27.21.
Twenty-First Century Fox (NASDAQ:FOXA) last posted its earnings results 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. Twenty-First Century Fox had a return on equity of 21.63% and a net margin of 10.08%. The company had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the prior year, the company earned $0.39 earnings per share. Twenty-First Century Fox’s revenue was up 7.1% on a year-over-year basis. On average, equities analysts predict that Twenty-First Century Fox will post $1.92 EPS for the current year.
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The business also recently disclosed a dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Wednesday, September 14th will be paid a $0.18 dividend. The ex-dividend date is Monday, September 12th. This is an increase from Twenty-First Century Fox’s previous dividend of $0.15. Twenty-First Century Fox’s dividend payout ratio (DPR) is 25.35%.
FOXA has been the topic of a number of recent analyst reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of Twenty-First Century Fox in a research note on Friday, June 17th. Brean Capital initiated coverage on Twenty-First Century Fox in a research note on Wednesday, July 6th. They set a “hold” rating on the stock. Nomura reiterated a “buy” rating on shares of Twenty-First Century Fox in a research note on Saturday, July 9th. Moffett Nathanson reiterated a “buy” rating and set a $32.00 target price on shares of Twenty-First Century Fox in a research note on Tuesday, July 12th. Finally, Credit Suisse Group AG lowered their target price 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $31.61.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Iowa State Bank bought a new position in Twenty-First Century Fox during the second quarter valued at approximately $126,000. Johnson Financial Group Inc. increased its position in Twenty-First Century Fox by 5,109.9% in the second quarter. Johnson Financial Group Inc. now owns 4,741 shares of the company’s stock valued at $128,000 after buying an additional 4,650 shares during the period. SevenBridge Financial Group LLC bought a new position in Twenty-First Century Fox during the second quarter valued at approximately $166,000. Quadrant Capital Group LLC increased its position in Twenty-First Century Fox by 2.4% in the second quarter. Quadrant Capital Group LLC now owns 6,713 shares of the company’s stock valued at $171,000 after buying an additional 159 shares during the period. Finally, Capital Analysts LLC increased its position in Twenty-First Century Fox by 38.6% in the second quarter. Capital Analysts LLC now owns 4,699 shares of the company’s stock valued at $192,000 after buying an additional 1,309 shares during the period. 53.31% of the stock is currently owned by hedge funds and other institutional investors.
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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