21st Century Fox (NASDAQ:FOXA) saw unusually large options trading activity on Thursday. Investors purchased 12,729 put options on the stock. This is an increase of approximately 1,115% compared to the typical daily volume of 1,048 put options.
Hedge funds have recently made changes to their positions in the company. Cerebellum GP LLC acquired a new position in shares of 21st Century Fox during the 4th quarter valued at about $106,000. Rockefeller Capital Management L.P. acquired a new position in shares of 21st Century Fox during the 1st quarter valued at about $157,000. Signaturefd LLC acquired a new position in shares of 21st Century Fox during the 1st quarter valued at about $172,000. Zions Bancorporation acquired a new position in shares of 21st Century Fox during the 1st quarter valued at about $181,000. Finally, D.A. Davidson & CO. purchased a new stake in 21st Century Fox in the 4th quarter valued at about $214,000. 52.60% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have issued reports on FOXA. Loop Capital began coverage on shares of 21st Century Fox in a research note on Thursday, March 15th. They set a “buy” rating and a $43.00 target price on the stock. BMO Capital Markets lifted their target price on shares of 21st Century Fox from $35.00 to $37.00 and gave the stock a “market perform” rating in a research note on Monday, February 12th. ValuEngine raised shares of 21st Century Fox from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. Pivotal Research reaffirmed a “hold” rating and set a $35.00 target price on shares of 21st Century Fox in a research note on Tuesday, April 17th. Finally, Zacks Investment Research cut shares of 21st Century Fox from a “hold” rating to a “sell” rating in a research note on Tuesday, April 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $39.15.
21st Century Fox (NASDAQ:FOXA) last announced its quarterly earnings results on Wednesday, May 9th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). The firm had revenue of $7.42 billion for the quarter, compared to analyst estimates of $7.40 billion. 21st Century Fox had a net margin of 13.76% and a return on equity of 17.50%. The company’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS. analysts forecast that 21st Century Fox will post 1.96 earnings per share for the current year.
21st Century Fox Company Profile
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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