Twenty-First Century Fox Inc (FOX) Sees Significant Increase in Short Interest

Twenty-First Century Fox Inc (NASDAQ:FOX) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 13,285,340 shares, a growth of 61.2% from the October 15th total of 8,242,645 shares. Currently, 2.7% of the company’s shares are sold short. Based on an average trading volume of 4,534,140 shares, the days-to-cover ratio is currently 2.9 days.

In other news, insider Lachlan K. Murdoch purchased 137,801 shares of the company’s stock in a transaction on Thursday, August 16th. The stock was bought at an average cost of $45.48 per share, for a total transaction of $6,267,189.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 39.40% of the company’s stock.

Several hedge funds have recently bought and sold shares of FOX. BlackRock Inc. boosted its holdings in Twenty-First Century Fox by 3.9% in the third quarter. BlackRock Inc. now owns 28,512,722 shares of the company’s stock valued at $1,306,455,000 after purchasing an additional 1,072,983 shares during the last quarter. Yacktman Asset Management LP boosted its holdings in Twenty-First Century Fox by 0.3% in the third quarter. Yacktman Asset Management LP now owns 21,281,413 shares of the company’s stock valued at $975,114,000 after purchasing an additional 64,791 shares during the last quarter. Morgan Stanley boosted its holdings in Twenty-First Century Fox by 2.2% in the second quarter. Morgan Stanley now owns 16,463,554 shares of the company’s stock valued at $811,160,000 after purchasing an additional 357,256 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in Twenty-First Century Fox by 31.8% in the second quarter. Diamond Hill Capital Management Inc. now owns 5,257,209 shares of the company’s stock valued at $259,023,000 after purchasing an additional 1,267,557 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Twenty-First Century Fox by 2.0% in the second quarter. Northern Trust Corp now owns 4,819,993 shares of the company’s stock valued at $237,480,000 after purchasing an additional 96,536 shares during the last quarter. Institutional investors and hedge funds own 24.07% of the company’s stock.

Separately, BidaskClub lowered Twenty-First Century Fox from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 25th.

FOX stock opened at $47.71 on Friday. The company has a quick ratio of 1.90, a current ratio of 2.35 and a debt-to-equity ratio of 0.89. Twenty-First Century Fox has a 1 year low of $26.86 and a 1 year high of $49.65. The stock has a market capitalization of $86.66 billion, a PE ratio of 24.22 and a beta of 1.15.

Twenty-First Century Fox (NASDAQ:FOX) last posted its earnings results on Wednesday, November 7th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. Twenty-First Century Fox had a return on equity of 18.71% and a net margin of 14.68%. The business had revenue of $7.18 billion during the quarter. Equities analysts predict that Twenty-First Century Fox will post 1.81 earnings per share for the current year.

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Twenty-First Century Fox Company Profile

Twenty-First Century Fox, Inc operates as a diversified media and entertainment company primarily in the United States and Canada, Europe, and internationally. It operates through Cable Network Programming, Television, and Filmed Entertainment segments. 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, telecommunication companies, and online video distributors.

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