Twenty-First Century Fox, Inc. (NASDAQ:FOX) Short Interest Down 38.9% in September

Twenty-First Century Fox, Inc. (NASDAQ:FOX) saw a significant drop in short interest in 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 trading volume of 2,551,365 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.1% of the shares of the stock are short sold.

In related news, CEO James R. Murdoch sold 111,713 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 234,236 shares of the company’s stock, valued at approximately $6,544,553.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David F. Devoe sold 30,149 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $28.01, for a total transaction of $844,473.49. Following the completion of the transaction, the director now directly owns 55,647 shares of the company’s stock, valued at approximately $1,558,672.47. The disclosure for this sale can be found here. 39.40% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in FOX. Suntrust Banks Inc. grew its position in shares of Twenty-First Century Fox by 0.3% in the second quarter. Suntrust Banks Inc. now owns 26,338 shares of the company’s stock valued at $734,000 after purchasing an additional 91 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Twenty-First Century Fox by 0.6% in the first quarter. HighTower Advisors LLC now owns 28,786 shares of the company’s stock valued at $914,000 after purchasing an additional 180 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Twenty-First Century Fox by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 30,200 shares of the company’s stock valued at $842,000 after purchasing an additional 300 shares during the last quarter. Advisor Group Inc. grew its position 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 buying an additional 300 shares in the last quarter. Finally, GAM Holding AG grew its position 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 buying an additional 343 shares in the last quarter. 23.28% of the stock is currently owned by hedge funds and other institutional investors.

FOX has been the subject of a number of research reports. BidaskClub cut 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 report on Friday, August 4th.

Twenty-First Century Fox (FOX) opened at 25.70 on Friday. The company’s 50-day moving average price is $26.09 and its 200 day moving average price is $27.42. The firm has a market capitalization of $47.57 billion, a price-to-earnings ratio of 16.20 and a beta of 1.18. Twenty-First Century Fox has a 52-week low of $24.78 and a 52-week high of $31.94.

Twenty-First Century Fox (NASDAQ:FOX) last released its earnings results on Wednesday, August 9th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the 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 previous year, the firm earned $0.45 EPS. Equities research analysts predict that Twenty-First Century Fox will post $2.06 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Tuesday, September 12th. Twenty-First Century Fox’s dividend payout ratio (DPR) is presently 22.64%.

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About Twenty-First Century Fox

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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