Fox Co. (NASDAQ:FOX) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 1,840,000 shares, a decrease of 22.4% from the March 31st total of 2,370,000 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily volume of 1,640,000 shares, the days-to-cover ratio is currently 1.1 days.
Separately, TheStreet lowered shares of FOX from a “b-” rating to a “c+” rating in a report on Wednesday, April 21st.
Hedge funds have recently made changes to their positions in the stock. Truvestments Capital LLC purchased a new stake in FOX during the 4th quarter valued at about $35,000. Meeder Asset Management Inc. grew its position in FOX by 37.8% during the 4th quarter. Meeder Asset Management Inc. now owns 1,255 shares of the company’s stock valued at $36,000 after purchasing an additional 344 shares during the last quarter. Vantage Consulting Group Inc purchased a new stake in FOX during the 4th quarter valued at about $47,000. QS Investors LLC purchased a new stake in FOX during the 4th quarter valued at about $60,000. Finally, Exane Derivatives purchased a new stake in FOX during the 4th quarter valued at about $78,000. 24.50% of the stock is currently owned by institutional investors.
Shares of FOX stock traded up $0.02 during trading on Tuesday, hitting $35.80. The company’s stock had a trading volume of 890,283 shares, compared to its average volume of 1,657,470. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.57 and a current ratio of 4.21. The company has a fifty day simple moving average of $37.08 and a two-hundred day simple moving average of $31.58. The company has a market capitalization of $21.14 billion, a PE ratio of 13.56 and a beta of 1.34. FOX has a 52 week low of $23.36 and a 52 week high of $42.14.
FOX (NASDAQ:FOX) last issued its quarterly earnings results on Tuesday, February 9th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.19. The company had revenue of $4.09 billion during the quarter. FOX had a net margin of 13.00% and a return on equity of 16.65%.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 7th. Investors of record on Wednesday, March 10th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Tuesday, March 9th.
FOX Company Profile
Fox Corporation operates as a news, sports, and entertainment company in the United States. The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online multi-channel video programming distributors.
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