Traders Buy Large Volume of Call Options on Twenty-First Century Fox Inc Class B (FOX)

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Twenty-First Century Fox Inc Class B (NASDAQ:FOX) was the target of some unusual options trading activity on Thursday. Stock investors purchased 1,507 call options on the company. This represents an increase of approximately 2,116% compared to the average volume of 68 call options.

In related news, insider Lachlan K. Murdoch bought 137,801 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were acquired at an average price of $45.48 per share, for a total transaction of $6,267,189.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 39.40% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FOX. Farallon Capital Management LLC acquired a new stake in Twenty-First Century Fox Inc Class B during the first quarter worth about $181,850,000. The Manufacturers Life Insurance Company raised its stake in Twenty-First Century Fox Inc Class B by 70.6% during the first quarter. The Manufacturers Life Insurance Company now owns 7,360,050 shares of the company’s stock worth $267,685,000 after acquiring an additional 3,047,075 shares during the period. Summit Trail Advisors LLC raised its stake in Twenty-First Century Fox Inc Class B by 3,190.1% during the first quarter. Summit Trail Advisors LLC now owns 2,083,696 shares of the company’s stock worth $2,084,000 after acquiring an additional 2,020,364 shares during the period. Paulson & CO. Inc. raised its stake in Twenty-First Century Fox Inc Class B by 1,311.0% during the second quarter. Paulson & CO. Inc. now owns 1,411,000 shares of the company’s stock worth $69,520,000 after acquiring an additional 1,311,000 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its stake in Twenty-First Century Fox Inc Class B by 31.8% during the second quarter. Diamond Hill Capital Management Inc. now owns 5,257,209 shares of the company’s stock worth $259,023,000 after acquiring an additional 1,267,557 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Several equities research analysts recently weighed in on the stock. BidaskClub lowered shares of Twenty-First Century Fox Inc Class B from a “hold” rating to a “sell” rating in a research note on Thursday, August 30th. ValuEngine upgraded shares of Twenty-First Century Fox Inc Class B from a “hold” rating to a “buy” rating in a research note on Wednesday, May 23rd.

FOX opened at $44.88 on Friday. The stock has a market cap of $82.85 billion, a P/E ratio of 22.70 and a beta of 1.27. Twenty-First Century Fox Inc Class B has a fifty-two week low of $24.30 and a fifty-two week high of $49.65. The company has a current ratio of 2.35, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89.

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, October 17th. Investors of record on Wednesday, September 12th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a yield of 0.8%.

Twenty-First Century Fox Inc Class B Company Profile

Twenty-First Century Fox, Inc operates as a diversified media and entertainment company primarily in the United States and Canada, Europe, and internationally. It operates through Cable Network Programming, Television, and Filmed Entertainment segments. The company produces and licenses news, business news, sports, general entertainment, factual entertainment, and movie programming for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunication companies, and online video distributors.

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