Twenty-First Century Fox Inc (FOXA) Short Interest Up 20.3% in October

Twenty-First Century Fox Inc (NASDAQ:FOXA) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 20,382,486 shares, a growth 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 presently 2.1 days. Currently, 2.0% of the shares of the company are short sold.

NASDAQ:FOXA opened at $48.16 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89. The stock has a market cap of $88.09 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 2.87 and a beta of 1.21. Twenty-First Century Fox has a 52 week low of $27.53 and a 52 week high of $50.15.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.52 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.52. The business had revenue of $7.18 billion for the quarter, compared to analysts’ expectations of $7.23 billion. Twenty-First Century Fox had a return on equity of 18.40% and a net margin of 16.01%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share. As a group, analysts predict that Twenty-First Century Fox will post 1.97 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. Arrowgrass Capital Partners US LP bought a new stake in Twenty-First Century Fox during the second quarter valued at about $147,582,000. Busey Trust CO raised its holdings in Twenty-First Century Fox by 1.4% during the third quarter. Busey Trust CO now owns 122,472 shares of the company’s stock valued at $5,674,000 after acquiring an additional 1,748 shares during the period. Millennium Management LLC raised its holdings in Twenty-First Century Fox by 53.0% during the second quarter. Millennium Management LLC now owns 929,836 shares of the company’s stock valued at $46,204,000 after acquiring an additional 321,968 shares during the period. Silchester International Investors LLP raised its holdings in Twenty-First Century Fox by 22.2% during the second quarter. Silchester International Investors LLP now owns 90,673 shares of the company’s stock valued at $4,506,000 after acquiring an additional 16,467 shares during the period. Finally, Senator Investment Group LP bought a new stake in Twenty-First Century Fox during the second quarter valued at about $238,415,000. 53.99% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on the company. Buckingham Research lowered their target price on Twenty-First Century Fox to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, August 7th. ValuEngine downgraded Twenty-First Century Fox from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 28th. Cowen reiterated a “hold” rating and set a $49.00 target price on shares of Twenty-First Century Fox in a research report on Sunday, August 12th. Barclays assumed coverage on Twenty-First Century Fox in a research report on Friday, October 19th. They set an “overweight” rating on the stock. Finally, UBS Group downgraded Twenty-First Century Fox from a “buy” rating to a “neutral” rating and set a $39.00 target price on the stock. in a research report on Friday, July 20th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Twenty-First Century Fox presently has an average rating of “Buy” and an average target price of $46.06.

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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.

See Also: Return on Investment (ROI)

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