Twenty-First Century Fox Inc (NASDAQ:FOXA) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 20,382,486 shares, an increase of 20.3% from the October 15th total of 16,941,236 shares. Based on an average daily volume of 9,516,249 shares, the short-interest ratio is currently 2.1 days. Approximately 2.0% of the company’s stock are sold short.
NASDAQ FOXA opened at $48.16 on Friday. Twenty-First Century Fox has a fifty-two week low of $27.53 and a fifty-two week high of $50.15. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 2.35. The stock has a market cap of $87.37 billion, a price-to-earnings ratio of 24.45, a P/E/G ratio of 2.85 and a beta of 1.21.
Twenty-First Century Fox (NASDAQ:FOXA) last posted its earnings results on Wednesday, November 7th. The company reported $0.52 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.52. The company had revenue of $7.18 billion for the quarter, compared to analyst estimates of $7.23 billion. Twenty-First Century Fox had a return on equity of 18.71% and a net margin of 14.68%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. Analysts anticipate that Twenty-First Century Fox will post 2 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Kaizen Advisory LLC increased its stake in shares of Twenty-First Century Fox by 121.8% in the second quarter. Kaizen Advisory LLC now owns 2,278 shares of the company’s stock worth $113,000 after purchasing an additional 1,251 shares during the period. Centaurus Financial Inc. bought a new position in shares of Twenty-First Century Fox in the second quarter worth about $115,000. Nelson Roberts Investment Advisors LLC bought a new position in shares of Twenty-First Century Fox in the second quarter worth about $122,000. Chicago Partners Investment Group LLC increased its stake in shares of Twenty-First Century Fox by 298.9% in the third quarter. Chicago Partners Investment Group LLC now owns 2,800 shares of the company’s stock worth $127,000 after purchasing an additional 2,098 shares during the period. Finally, Sun Life Financial INC increased its stake in shares of Twenty-First Century Fox by 1,522.7% in the second quarter. Sun Life Financial INC now owns 2,856 shares of the company’s stock worth $142,000 after purchasing an additional 2,680 shares during the period. Institutional investors and hedge funds own 53.99% of the company’s stock.
A number of research firms recently issued reports on FOXA. Pivotal Research reissued a “hold” rating and set a $45.00 price objective on shares of Twenty-First Century Fox in a research report on Thursday. Evercore ISI assumed coverage on Twenty-First Century Fox in a research report on Monday, November 5th. They set an “outperform” rating and a $52.00 price objective for the company. Cowen restated a “hold” rating and set a $48.00 target price on shares of Twenty-First Century Fox in a report on Wednesday, August 1st. UBS Group lowered Twenty-First Century Fox from a “buy” rating to a “neutral” rating and set a $39.00 target price on the stock. in a report on Friday, July 20th. Finally, Morgan Stanley raised their target price on Twenty-First Century Fox from $53.00 to $54.00 and gave the company an “overweight” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $46.06.
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About Twenty-First Century Fox
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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