Published On: Wed, Sep 14th, 2016

Twenty-First Century Fox Inc. (FOX) Sees Large Growth in Short Interest

Twenty-First Century Fox Inc. (NASDAQ:FOX) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 10,486,326 shares, an increase of 20.3% from the August 15th total of 8,720,121 shares. Approximately 2.3% of the shares of the stock are short sold. Based on an average daily volume of 3,270,971 shares, the short-interest ratio is presently 3.2 days.
In related news, insider Jeffrey W. Ubben bought 3,000,000 shares of the stock in a transaction dated Thursday, August 18th. The shares were acquired at an average cost of $26.06 per share, for a total transaction of $78,180,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 39.40% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. BlackRock Institutional Trust Company N.A. raised its position in shares of Twenty-First Century Fox by 1.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 11,235,808 shares of the company’s stock worth $316,850,000 after buying an additional 121,611 shares during the period. Prudential Financial Inc. raised its position in shares of Twenty-First Century Fox by 1.9% in the first quarter. Prudential Financial Inc. now owns 508,812 shares of the company’s stock worth $14,349,000 after buying an additional 9,500 shares during the period. Teachers Advisors Inc. raised its position in shares of Twenty-First Century Fox by 6.5% in the first quarter. Teachers Advisors Inc. now owns 493,439 shares of the company’s stock worth $13,915,000 after buying an additional 30,286 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of Twenty-First Century Fox by 9.9% in the first quarter. TIAA CREF Investment Management LLC now owns 1,485,261 shares of the company’s stock worth $41,884,000 after buying an additional 133,545 shares during the period. Finally, Ngam Advisors L.P. raised its position in shares of Twenty-First Century Fox by 8.9% in the first quarter. Ngam Advisors L.P. now owns 55,039 shares of the company’s stock worth $1,552,000 after buying an additional 4,500 shares during the period. Institutional investors own 21.65% of the company’s stock.

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Several analysts have recently commented on FOX shares. Citigroup Inc. reaffirmed a “buy” rating and set a $31.00 price target (down previously from $32.00) on shares of Twenty-First Century Fox in a research report on Tuesday, August 16th. Wedbush reaffirmed an “outperform” rating and set a $33.00 price target (down previously from $34.00) on shares of Twenty-First Century Fox in a research report on Thursday, August 4th. Argus reaffirmed a “hold” rating on shares of Twenty-First Century Fox in a research report on Wednesday, August 17th. Pivotal Research reaffirmed a “buy” rating and set a $34.00 price target (down previously from $36.00) on shares of Twenty-First Century Fox in a research report on Thursday, August 4th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $29.00 price target (down previously from $33.00) on shares of Twenty-First Century Fox in a research report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company. Twenty-First Century Fox currently has a consensus rating of “Buy” and a consensus target price of $32.30.
Twenty-First Century Fox (NASDAQ:FOX) opened at 24.20 on Wednesday. The company’s 50 day moving average is $25.81 and its 200-day moving average is $28.00. The firm has a market cap of $45.07 billion, a P/E ratio of 17.09 and a beta of 1.30. Twenty-First Century Fox has a 52 week low of $22.65 and a 52 week high of $31.58.
The company also recently announced a dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, September 14th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, September 12th. Twenty-First Century Fox’s dividend payout ratio (DPR) is currently 21.13%.
Twenty-First Century Fox Company Profile
Twenty-First Century Fox, Inc is a media and entertainment company. The Company operates through segments: Cable Network Programming, Television, Filmed Entertainment, and Other, Corporate and Eliminations. 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, telecommunications companies and online video distributors in the United States and internationally.

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