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

Twenty-First Century Fox Inc (NASDAQ:FOX) was the target of a large decline in short interest in 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. Based on an average daily trading volume, of 4,192,966 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.9% of the shares of the stock are sold short.

Twenty-First Century Fox stock 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 firm 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 52 week low of $34.94 and a 52 week high of $49.65.

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

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc boosted its stake in Twenty-First Century Fox by 6.0% in the third quarter. Vanguard Group Inc now owns 33,306,934 shares of the company’s stock worth $1,526,124,000 after purchasing an additional 1,872,422 shares in the last quarter. BlackRock Inc. boosted its stake in Twenty-First Century Fox by 5.7% in the fourth quarter. BlackRock Inc. now owns 30,151,923 shares of the company’s stock worth $1,440,659,000 after purchasing an additional 1,639,201 shares in the last quarter. Yacktman Asset Management LP boosted its stake in Twenty-First Century Fox by 1.4% in the fourth quarter. Yacktman Asset Management LP now owns 21,587,607 shares of the company’s stock worth $1,031,456,000 after purchasing an additional 306,194 shares in the last quarter. Baupost Group LLC MA boosted its stake in Twenty-First Century Fox by 27.3% in the third quarter. Baupost Group LLC MA now owns 17,320,922 shares of the company’s stock worth $793,645,000 after purchasing an additional 3,714,662 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Twenty-First Century Fox by 0.6% in the third quarter. Morgan Stanley now owns 16,558,691 shares of the company’s stock worth $758,719,000 after purchasing an additional 95,137 shares in the last quarter. 24.07% of the stock is currently owned by institutional investors.

Several brokerages recently commented on FOX. BidaskClub lowered Twenty-First Century Fox from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. Zacks Investment Research lowered Twenty-First Century Fox from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. Finally, ValuEngine lowered Twenty-First Century Fox from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st.

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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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