QQQ   283.80 (-1.63%)
AAPL   115.98 (-2.55%)
MSFT   214.22 (-2.48%)
FB   261.40 (-1.70%)
GOOGL   1,529.95 (-2.41%)
AMZN   3,207.21 (-2.00%)
TSLA   430.83 (-2.01%)
NVDA   539.91 (-2.27%)
BABA   305.29 (-0.66%)
CGC   19.81 (+11.54%)
GE   7.29 (+0.00%)
MU   52.63 (+1.98%)
AMD   82.00 (-1.41%)
T   26.88 (-1.65%)
F   7.59 (-1.04%)
ACB   4.71 (+17.16%)
GILD   60.57 (-2.31%)
NFLX   530.72 (-0.01%)
BA   167.11 (-0.14%)
BAC   23.72 (-2.15%)
DIS   124.23 (-2.03%)
QQQ   283.80 (-1.63%)
AAPL   115.98 (-2.55%)
MSFT   214.22 (-2.48%)
FB   261.40 (-1.70%)
GOOGL   1,529.95 (-2.41%)
AMZN   3,207.21 (-2.00%)
TSLA   430.83 (-2.01%)
NVDA   539.91 (-2.27%)
BABA   305.29 (-0.66%)
CGC   19.81 (+11.54%)
GE   7.29 (+0.00%)
MU   52.63 (+1.98%)
AMD   82.00 (-1.41%)
T   26.88 (-1.65%)
F   7.59 (-1.04%)
ACB   4.71 (+17.16%)
GILD   60.57 (-2.31%)
NFLX   530.72 (-0.01%)
BA   167.11 (-0.14%)
BAC   23.72 (-2.15%)
DIS   124.23 (-2.03%)
QQQ   283.80 (-1.63%)
AAPL   115.98 (-2.55%)
MSFT   214.22 (-2.48%)
FB   261.40 (-1.70%)
GOOGL   1,529.95 (-2.41%)
AMZN   3,207.21 (-2.00%)
TSLA   430.83 (-2.01%)
NVDA   539.91 (-2.27%)
BABA   305.29 (-0.66%)
CGC   19.81 (+11.54%)
GE   7.29 (+0.00%)
MU   52.63 (+1.98%)
AMD   82.00 (-1.41%)
T   26.88 (-1.65%)
F   7.59 (-1.04%)
ACB   4.71 (+17.16%)
GILD   60.57 (-2.31%)
NFLX   530.72 (-0.01%)
BA   167.11 (-0.14%)
BAC   23.72 (-2.15%)
DIS   124.23 (-2.03%)
QQQ   283.80 (-1.63%)
AAPL   115.98 (-2.55%)
MSFT   214.22 (-2.48%)
FB   261.40 (-1.70%)
GOOGL   1,529.95 (-2.41%)
AMZN   3,207.21 (-2.00%)
TSLA   430.83 (-2.01%)
NVDA   539.91 (-2.27%)
BABA   305.29 (-0.66%)
CGC   19.81 (+11.54%)
GE   7.29 (+0.00%)
MU   52.63 (+1.98%)
AMD   82.00 (-1.41%)
T   26.88 (-1.65%)
F   7.59 (-1.04%)
ACB   4.71 (+17.16%)
GILD   60.57 (-2.31%)
NFLX   530.72 (-0.01%)
BA   167.11 (-0.14%)
BAC   23.72 (-2.15%)
DIS   124.23 (-2.03%)
Log in

Fox Corp (NASDAQ:FOX) Short Interest Up 28.0% in September

Last updated on Sunday, October 18, 2020 | 2020 MarketBeat

Fox Corp (NASDAQ:FOX) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 3,790,000 shares, an increase of 28.0% from the September 15th total of 2,960,000 shares. Currently, 2.5% of the company's stock are sold short. Based on an average trading volume of 1,270,000 shares, the days-to-cover ratio is presently 3.0 days.

FOX traded down $0.08 during trading on Friday, reaching $27.12. The stock had a trading volume of 715,432 shares, compared to its average volume of 1,515,018. The firm has a market capitalization of $16.40 billion, a price-to-earnings ratio of 16.84 and a beta of 1.40. The company has a quick ratio of 3.48, a current ratio of 3.93 and a debt-to-equity ratio of 0.79. FOX has a 1-year low of $19.13 and a 1-year high of $38.84. The stock has a 50 day moving average of $27.97 and a two-hundred day moving average of $26.62.

FOX (NASDAQ:FOX) last released its earnings results on Tuesday, August 4th. The company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.04. The firm had revenue of $2.42 billion during the quarter. FOX had a return on equity of 14.93% and a net margin of 8.12%.

The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 2nd were given a $0.23 dividend. The ex-dividend date was Tuesday, September 1st. This represents a yield of 1.8%.

A number of brokerages have commented on FOX. TheStreet upgraded FOX from a "d+" rating to a "c-" rating in a research note on Friday, September 18th. BidaskClub upgraded FOX from a "sell" rating to a "hold" rating in a research note on Wednesday, September 9th. Credit Suisse Group restated a "buy" rating on shares of FOX in a research note on Tuesday, September 22nd. Finally, Loop Capital upgraded FOX to a "buy" rating and set a $33.00 target price for the company in a research note on Friday, July 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company's stock. The stock has a consensus rating of "Hold" and a consensus price target of $29.88.

In related news, insider Viet D. Dinh sold 70,000 shares of the business's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $28.71, for a total value of $2,009,700.00. Following the completion of the sale, the insider now directly owns 7,510 shares of the company's stock, valued at $215,612.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Lachlan K. Murdoch acquired 229,024 shares of the stock in a transaction that occurred on Saturday, August 15th. The stock was purchased at an average cost of $25.74 per share, with a total value of $5,895,077.76. Following the completion of the acquisition, the chief executive officer now owns 427,893 shares of the company's stock, valued at $11,013,965.82. The disclosure for this purchase can be found here. 17.47% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of FOX by 19.2% in the second quarter. Vanguard Group Inc. now owns 15,291,602 shares of the company's stock valued at $410,427,000 after buying an additional 2,459,358 shares in the last quarter. State Street Corp increased its holdings in shares of FOX by 4.7% in the first quarter. State Street Corp now owns 7,729,290 shares of the company's stock valued at $178,500,000 after buying an additional 346,204 shares in the last quarter. Morgan Stanley increased its holdings in shares of FOX by 3.9% in the first quarter. Morgan Stanley now owns 6,617,444 shares of the company's stock valued at $151,408,000 after buying an additional 249,100 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of FOX by 2.8% in the second quarter. Goldman Sachs Group Inc. now owns 1,535,465 shares of the company's stock valued at $41,212,000 after buying an additional 41,301 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of FOX by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 1,074,269 shares of the company's stock valued at $28,834,000 after buying an additional 22,629 shares in the last quarter. Hedge funds and other institutional investors own 23.45% of the company's stock.

FOX Company Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States. 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 primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors.

Read More: Understanding Market Liquidity

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

8 Stocks Under $10 and On Sale Right Now

During times of market volatility, investors are looking to get return anywhere they can. One approach is to find cheap stocks (i.e. stocks that trade for less than $10). It’s not surprising that many of the cheap stocks can be found on Robinhood. This trading app is popular among millennial investors. And those investors are willing to speculate on cheap stocks.

And it’s easy to see why. Buying 100 shares of a stock that is trading for $5 can seem to be a wise investment if the stock moves higher. After all, if the stock price increases just $1, investors can see a 20% gain.

But that is not always the case. In fact, it’s not usually the case. The trap that some investors fall into is believing that these stocks can be the next Amazon or Apple. And while they do offer a potential reward, they also carry significant risk. It’s important to remember that when a stock is selling for less than $10, there’s usually a reason. And in some cases, it means the stock is under selling pressure.

This is one time when it’s important to remember that inexpensive does not necessarily mean the stock is a good value. However, there are some quality stocks that can be found in the bargain bin. And for many of these stocks, the value is found in a solid dividend that can reward income investors.

View the "8 Stocks Under $10 and On Sale Right Now".

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.