Twenty-First Century Fox, Inc. (FOX) Short Interest Down 38.9% in September
Twenty-First Century Fox, Inc. (NASDAQ:FOX) was the recipient of a large drop in short interest during the month of September. As of September 29th, there was short interest totalling 5,389,220 shares, a drop of 38.9% from the September 15th total of 8,820,499 shares. Based on an average daily trading volume, of 2,551,365 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.1% of the shares of the company are sold short.
Twenty-First Century Fox (NASDAQ:FOX) opened at 25.49 on Friday. The company’s 50 day moving average price is $26.24 and its 200 day moving average price is $27.78. The company has a market cap of $47.18 billion, a P/E ratio of 16.07 and a beta of 1.18. Twenty-First Century Fox has a 52-week low of $24.74 and a 52-week high of $31.94.
Twenty-First Century Fox (NASDAQ:FOX) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.01). Twenty-First Century Fox had a return on equity of 22.47% and a net margin of 10.36%. The company had revenue of $6.75 billion for the quarter. During the same quarter in the prior year, the company earned $0.45 earnings per share. Equities research analysts anticipate that Twenty-First Century Fox will post $2.07 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Tuesday, September 12th. Twenty-First Century Fox’s payout ratio is presently 22.64%.
Several analysts have recently weighed in on FOX shares. BidaskClub lowered Twenty-First Century Fox from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. TheStreet upgraded Twenty-First Century Fox from a “c+” rating to a “b-” rating in a research report on Friday, August 4th.
In other Twenty-First Century Fox news, Director David F. Devoe sold 30,149 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $28.01, for a total value of $844,473.49. Following the sale, the director now owns 55,647 shares of the company’s stock, valued at approximately $1,558,672.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James R. Murdoch sold 111,713 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $27.94, for a total value of $3,121,261.22. Following the completion of the sale, the chief executive officer now directly owns 234,236 shares in the company, valued at approximately $6,544,553.84. The disclosure for this sale can be found here. Company insiders own 39.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Suntrust Banks Inc. lifted its stake in Twenty-First Century Fox by 0.3% during the second quarter. Suntrust Banks Inc. now owns 26,338 shares of the company’s stock worth $734,000 after purchasing an additional 91 shares during the last quarter. HighTower Advisors LLC lifted its stake in Twenty-First Century Fox by 0.6% during the first quarter. HighTower Advisors LLC now owns 28,786 shares of the company’s stock worth $914,000 after purchasing an additional 180 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Twenty-First Century Fox by 1.0% during the second quarter. Louisiana State Employees Retirement System now owns 30,200 shares of the company’s stock worth $842,000 after purchasing an additional 300 shares during the last quarter. Advisor Group Inc. lifted its stake in Twenty-First Century Fox by 3.0% during the second quarter. Advisor Group Inc. now owns 10,456 shares of the company’s stock worth $292,000 after purchasing an additional 300 shares during the last quarter. Finally, GAM Holding AG lifted its stake in Twenty-First Century Fox by 2.9% during the second quarter. GAM Holding AG now owns 12,010 shares of the company’s stock worth $335,000 after purchasing an additional 343 shares during the last quarter. Hedge funds and other institutional investors own 23.28% 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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