Twenty-First Century Fox Inc Class A Sees Unusually Large Options Volume (NASDAQ:FOXA)

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Twenty-First Century Fox Inc Class A (NASDAQ:FOXA) was the target of unusually large options trading activity on Thursday. Investors bought 89,393 put options on the stock. This is an increase of approximately 929% compared to the typical daily volume of 8,688 put options.

Hedge funds and other institutional investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. bought a new position in Twenty-First Century Fox Inc Class A in the 1st quarter worth $157,000. Signaturefd LLC bought a new position in Twenty-First Century Fox Inc Class A in the 1st quarter worth $172,000. Zions Bancorporation purchased a new stake in shares of Twenty-First Century Fox Inc Class A in the 1st quarter worth about $181,000. Levin Capital Strategies L.P. purchased a new stake in shares of Twenty-First Century Fox Inc Class A in the 1st quarter worth about $203,000. Finally, D.A. Davidson & CO. purchased a new stake in shares of Twenty-First Century Fox Inc Class A in the 4th quarter worth about $214,000. Institutional investors and hedge funds own 53.19% of the company’s stock.

Shares of NASDAQ FOXA opened at $49.69 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.05 and a quick ratio of 1.65. Twenty-First Century Fox Inc Class A has a 12 month low of $24.81 and a 12 month high of $50.15. The firm has a market capitalization of $92.24 billion, a price-to-earnings ratio of 28.29, a P/E/G ratio of 2.47 and a beta of 1.32.

Twenty-First Century Fox Inc Class A (NASDAQ:FOXA) last issued its quarterly earnings data on Wednesday, May 9th. The company reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.04). Twenty-First Century Fox Inc Class A had a return on equity of 17.50% and a net margin of 13.76%. The company had revenue of $7.42 billion during the quarter, compared to the consensus estimate of $7.40 billion. During the same quarter last year, the company posted $0.54 earnings per share. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. equities research analysts expect that Twenty-First Century Fox Inc Class A will post 1.96 EPS for the current year.

Several analysts have commented on FOXA shares. Zacks Investment Research lowered shares of Twenty-First Century Fox Inc Class A from a “hold” rating to a “sell” rating in a research report on Tuesday, April 17th. B. Riley boosted their price objective on shares of Twenty-First Century Fox Inc Class A from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, June 21st. ValuEngine raised shares of Twenty-First Century Fox Inc Class A from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Buckingham Research started coverage on shares of Twenty-First Century Fox Inc Class A in a research note on Tuesday. They issued a “buy” rating for the company. Finally, Loop Capital upped their price objective on shares of Twenty-First Century Fox Inc Class A to $47.00 and gave the company a “buy” rating in a research note on Thursday, June 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Twenty-First Century Fox Inc Class A presently has an average rating of “Buy” and a consensus price target of $40.31.

About Twenty-First Century Fox Inc Class A

Twenty-First Century Fox, Inc, together with its subsidiaries, operates as a diversified media and entertainment company primarily in the United States, the United Kingdom, Continental Europe, Asia, and Latin America. It operates through Cable Network Programming, Television, and Filmed Entertainment segments.

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