Fox Co. (NASDAQ:FOXA) Short Interest Update

Fox Co. (NASDAQ:FOXA) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 25,540,000 shares, a growth of 10.0% from the November 30th total of 23,210,000 shares. Currently, 11.7% of the company’s stock are sold short. Based on an average trading volume of 3,440,000 shares, the short-interest ratio is presently 7.4 days.

Insider Buying and Selling at FOX

In other news, Chairman Keith Rupert Murdoch sold 186,871 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $46.22, for a total transaction of $8,637,177.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO John Nallen sold 182,481 shares of FOX stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total value of $7,979,894.13. Following the completion of the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $10,907,311.52. This represents a 42.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 469,352 shares of company stock worth $20,822,072. Corporate insiders own 21.77% of the company’s stock.

Institutional Trading of FOX

Large investors have recently made changes to their positions in the company. Crossmark Global Holdings Inc. boosted its holdings in shares of FOX by 1.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,408 shares of the company’s stock valued at $991,000 after purchasing an additional 385 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in FOX by 1.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,501 shares of the company’s stock valued at $1,249,000 after buying an additional 451 shares in the last quarter. US Bancorp DE grew its position in FOX by 4.0% in the third quarter. US Bancorp DE now owns 14,239 shares of the company’s stock valued at $603,000 after acquiring an additional 550 shares during the last quarter. Prestige Wealth Management Group LLC lifted its holdings in shares of FOX by 14.7% in the third quarter. Prestige Wealth Management Group LLC now owns 4,445 shares of the company’s stock worth $188,000 after acquiring an additional 569 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of FOX by 0.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 69,082 shares of the company’s stock valued at $2,924,000 after purchasing an additional 590 shares in the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

FOX Stock Performance

NASDAQ:FOXA opened at $48.58 on Thursday. The company has a market cap of $22.19 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 1.18 and a beta of 0.77. FOX has a fifty-two week low of $28.28 and a fifty-two week high of $50.63. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59. The stock has a fifty day moving average price of $46.31 and a 200-day moving average price of $41.47.

FOX (NASDAQ:FOXA) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.33. FOX had a net margin of 13.40% and a return on equity of 16.49%. The business had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the prior year, the business posted $1.09 earnings per share. FOX’s revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts anticipate that FOX will post 3.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Cfra reaffirmed a “sell” rating on shares of FOX in a research report on Wednesday, September 25th. Guggenheim lifted their price target on FOX from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. StockNews.com lowered FOX from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Loop Capital lifted their target price on FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on FOX from $42.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, FOX presently has an average rating of “Hold” and an average target price of $46.87.

FOX Company Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.