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

Twenty-First Century Fox Inc (NASDAQ:FOX) saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 4,365,674 shares, a decline of 54.6% from the January 15th total of 9,606,846 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 4,192,966 shares, the short-interest ratio is currently 1.0 days.

Several research analysts have commented on FOX shares. ValuEngine downgraded Twenty-First Century Fox from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. Zacks Investment Research raised Twenty-First Century Fox from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Tuesday, January 8th. Finally, BidaskClub raised Twenty-First Century Fox from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 17th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ontario Teachers Pension Plan Board increased its position in Twenty-First Century Fox by 327.2% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 40,382 shares of the company’s stock worth $1,929,000 after buying an additional 30,929 shares during the period. Bank of Nova Scotia grew its holdings in shares of Twenty-First Century Fox by 53.4% during the 4th quarter. Bank of Nova Scotia now owns 1,654,407 shares of the company’s stock worth $79,045,000 after purchasing an additional 575,965 shares in the last quarter. Sentry Investment Management LLC grew its holdings in shares of Twenty-First Century Fox by 10.7% during the 4th quarter. Sentry Investment Management LLC now owns 32,235 shares of the company’s stock worth $1,540,000 after purchasing an additional 3,125 shares in the last quarter. Brandes Investment Partners LP grew its holdings in shares of Twenty-First Century Fox by 1.4% during the 4th quarter. Brandes Investment Partners LP now owns 163,020 shares of the company’s stock worth $7,789,000 after purchasing an additional 2,195 shares in the last quarter. Finally, Tredje AP fonden grew its holdings in shares of Twenty-First Century Fox by 196.9% during the 4th quarter. Tredje AP fonden now owns 78,667 shares of the company’s stock worth $3,759,000 after purchasing an additional 52,169 shares in the last quarter. 24.07% of the stock is currently owned by institutional investors.

Shares of NASDAQ FOX opened at $49.22 on Tuesday. The company has a current ratio of 4.29, a quick ratio of 3.79 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $91.39 billion, a price-to-earnings ratio of 24.98 and a beta of 0.94. Twenty-First Century Fox has a 12 month low of $34.94 and a 12 month high of $49.65.

The firm also recently declared a semiannual dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Monday, April 8th will be given a $0.18 dividend. This is an increase from Twenty-First Century Fox’s previous semiannual dividend of $0.15. This represents a yield of 0.73%. The ex-dividend date is Friday, April 5th. Twenty-First Century Fox’s payout ratio is currently 18.27%.

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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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