Investors Purchase High Volume of Put Options on 21st Century Fox (FOXA)

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.

Shares of 21st Century Fox opened at $37.77 on Friday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.65 and a current ratio of 2.05. The stock has a market cap of $70.69 billion, a PE ratio of 21.68, a PEG ratio of 1.89 and a beta of 1.32. 21st Century Fox has a twelve month low of $37.81 and a twelve month high of $38.07.

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.

Receive News & Ratings for 21st Century Fox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 21st Century Fox and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply