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

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

In other news, insider Lachlan K. Murdoch bought 137,801 shares of Twenty-First Century Fox stock in a transaction on Thursday, August 16th. The shares were bought at an average price of $45.48 per share, with a total value of $6,267,189.48. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 39.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in shares of Twenty-First Century Fox by 3.9% in the 3rd quarter. BlackRock Inc. now owns 28,512,722 shares of the company’s stock worth $1,306,455,000 after purchasing an additional 1,072,983 shares during the last quarter. Yacktman Asset Management LP lifted its holdings in shares of Twenty-First Century Fox by 0.3% in the 3rd quarter. Yacktman Asset Management LP now owns 21,281,413 shares of the company’s stock worth $975,114,000 after purchasing an additional 64,791 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Twenty-First Century Fox by 2.2% in the 2nd quarter. Morgan Stanley now owns 16,463,554 shares of the company’s stock worth $811,160,000 after purchasing an additional 357,256 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in shares of Twenty-First Century Fox by 31.8% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 5,257,209 shares of the company’s stock worth $259,023,000 after purchasing an additional 1,267,557 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Twenty-First Century Fox by 2.0% in the 2nd quarter. Northern Trust Corp now owns 4,819,993 shares of the company’s stock worth $237,480,000 after purchasing an additional 96,536 shares during the last quarter. 24.07% of the stock is currently owned by institutional investors and hedge funds.

Separately, BidaskClub raised Twenty-First Century Fox from a “hold” rating to a “buy” rating in a report on Friday, October 26th.

Shares of NASDAQ FOX opened at $47.71 on Friday. The company has a market capitalization of $86.66 billion, a P/E ratio of 24.22 and a beta of 1.15. Twenty-First Century Fox has a 12-month low of $26.86 and a 12-month high of $49.65. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 2.35.

Twenty-First Century Fox (NASDAQ:FOX) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. The business had revenue of $7.18 billion for the quarter. Twenty-First Century Fox had a return on equity of 18.71% and a net margin of 14.68%. On average, research analysts forecast 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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