Fox Co. (NASDAQ:FOX) Sees Significant Decrease in Short Interest

Fox Co. (NASDAQ:FOXGet Free Report) saw a significant decrease in short interest in February. As of February 29th, there was short interest totalling 2,880,000 shares, a decrease of 9.4% from the February 14th total of 3,180,000 shares. Currently, 2.2% of the company’s shares are short sold. Based on an average trading volume of 1,440,000 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FOX. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in FOX by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 74,308 shares of the company’s stock worth $2,370,000 after purchasing an additional 315 shares during the period. Tower Research Capital LLC TRC lifted its holdings in FOX by 14.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,776 shares of the company’s stock worth $89,000 after buying an additional 358 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of FOX by 0.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 126,123 shares of the company’s stock valued at $3,588,000 after purchasing an additional 367 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of FOX by 1.9% in the 2nd quarter. ProShare Advisors LLC now owns 20,186 shares of the company’s stock valued at $644,000 after purchasing an additional 372 shares during the last quarter. Finally, New Mexico Educational Retirement Board lifted its holdings in shares of FOX by 6.0% in the 3rd quarter. New Mexico Educational Retirement Board now owns 7,083 shares of the company’s stock valued at $205,000 after purchasing an additional 400 shares during the last quarter. 24.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, TheStreet cut FOX from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th.

Check Out Our Latest Stock Report on FOX

FOX Stock Performance

NASDAQ FOX opened at $27.00 on Tuesday. The stock has a market capitalization of $12.82 billion, a PE ratio of 15.98 and a beta of 0.84. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.29 and a quick ratio of 2.01. The business has a 50 day simple moving average of $27.98 and a two-hundred day simple moving average of $28.18. FOX has a 1-year low of $25.82 and a 1-year high of $33.24.

FOX (NASDAQ:FOXGet Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.23. FOX had a return on equity of 15.81% and a net margin of 5.75%. The firm had revenue of $4.23 billion during the quarter. During the same period in the prior year, the business posted $0.48 earnings per share.

FOX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 26th. Investors of record on Wednesday, March 6th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 3.85%. This is an increase from FOX’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, March 5th. FOX’s payout ratio is 30.77%.

FOX Company Profile

(Get Free Report)

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). 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 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.

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