Fox Corporation (NASDAQ:FOXA) Short Interest Update

Fox Corporation (NASDAQ:FOXA) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 31,909,428 shares, a growth of 18.7% from the January 29th total of 26,875,859 shares. Based on an average daily volume of 5,695,948 shares, the days-to-cover ratio is currently 5.6 days. Approximately 9.3% of the company’s shares are short sold. Approximately 9.3% of the company’s shares are short sold. Based on an average daily volume of 5,695,948 shares, the days-to-cover ratio is currently 5.6 days.

FOX Price Performance

Shares of FOXA opened at $58.67 on Friday. The company has a market cap of $24.96 billion, a P/E ratio of 14.10, a PEG ratio of 7.63 and a beta of 0.55. FOX has a fifty-two week low of $46.42 and a fifty-two week high of $76.39. The company has a quick ratio of 2.44, a current ratio of 2.78 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average price is $66.78 and its 200 day moving average price is $64.45.

FOX (NASDAQ:FOXA) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.47 by $0.35. FOX had a net margin of 11.41% and a return on equity of 18.14%. The company had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.02 billion. During the same quarter last year, the company posted $0.96 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. On average, research analysts forecast that FOX will post 4.38 earnings per share for the current fiscal year.

FOX Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be given a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a yield of 83.0%. FOX’s dividend payout ratio (DPR) is currently 13.46%.

Insider Activity at FOX

In other news, insider Adam G. Ciongoli sold 29,897 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $69.55, for a total value of $2,079,336.35. Following the transaction, the insider owned 35,978 shares of the company’s stock, valued at $2,502,269.90. This represents a 45.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 19.68% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FOX

Institutional investors and hedge funds have recently made changes to their positions in the stock. FWL Investment Management LLC acquired a new stake in FOX in the third quarter valued at approximately $26,000. Elyxium Wealth LLC acquired a new position in FOX during the 4th quarter worth approximately $27,000. CYBER HORNET ETFs LLC purchased a new stake in shares of FOX in the 2nd quarter valued at approximately $35,000. Rosenberg Matthew Hamilton raised its holdings in shares of FOX by 58.5% in the 4th quarter. Rosenberg Matthew Hamilton now owns 696 shares of the company’s stock valued at $51,000 after purchasing an additional 257 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of FOX during the 3rd quarter worth $51,000. 52.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on FOXA shares. Citigroup upped their target price on shares of FOX from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Morgan Stanley upped their price objective on shares of FOX from $74.00 to $77.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Bank of America cut shares of FOX from a “buy” rating to an “underperform” rating and set a $45.00 price objective for the company. in a research report on Wednesday, February 25th. JPMorgan Chase & Co. boosted their target price on FOX from $65.00 to $69.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Finally, TD Cowen upped their price target on FOX from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Thursday, February 5th. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, FOX has a consensus rating of “Hold” and a consensus price target of $71.80.

FOX Company Profile

Fox Corporation (NASDAQ: FOXA) is a U.S.-based media company focused on television broadcasting, cable news and sports programming, and digital distribution. The company was formed in 2019 as the successor to certain assets of 21st Century Fox after a transaction that transferred many film and television studio assets to The Walt Disney Company. Fox Corp’s operations center on the Fox Broadcasting network, a portfolio of local television stations, national news and business cable networks, and sports media properties.

Fox produces, acquires and distributes a range of live and recorded programming, including news, opinion and commentary, national and local sports telecasts, and general entertainment.