Stock Traders Purchase Large Volume of Put Options on Twenty-First Century Fox (FOX)

Twenty-First Century Fox Inc (NASDAQ:FOX) saw some unusual options trading activity on Monday. Stock traders acquired 1,553 put options on the company. This is an increase of 853% compared to the typical daily volume of 163 put options.

In related news, EVP Gerson Zweifach sold 110,728 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $34.90, for a total transaction of $3,864,407.20. Following the transaction, the executive vice president now directly owns 36,007 shares of the company’s stock, valued at $1,256,644.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 39.40% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. raised its position in Twenty-First Century Fox by 3.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 65,838 shares of the company’s stock worth $1,698,000 after acquiring an additional 2,048 shares during the period. Toronto Dominion Bank increased its stake in shares of Twenty-First Century Fox by 1.3% in the third quarter. Toronto Dominion Bank now owns 166,594 shares of the company’s stock worth $4,296,000 after purchasing an additional 2,172 shares in the last quarter. Profund Advisors LLC increased its stake in shares of Twenty-First Century Fox by 4.2% in the fourth quarter. Profund Advisors LLC now owns 56,673 shares of the company’s stock worth $1,934,000 after purchasing an additional 2,286 shares in the last quarter. Meadow Creek Investment Management LLC increased its stake in shares of Twenty-First Century Fox by 12.7% in the fourth quarter. Meadow Creek Investment Management LLC now owns 20,832 shares of the company’s stock worth $711,000 after purchasing an additional 2,352 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Twenty-First Century Fox by 2.2% in the fourth quarter. Arizona State Retirement System now owns 111,274 shares of the company’s stock worth $3,797,000 after purchasing an additional 2,374 shares in the last quarter. 23.38% of the stock is currently owned by institutional investors and hedge funds.

Shares of Twenty-First Century Fox (NASDAQ FOX) opened at $37.04 on Tuesday. The company has a market cap of $68,617.64, a PE ratio of 17.31 and a beta of 1.25. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.16 and a quick ratio of 1.77. Twenty-First Century Fox has a 12-month low of $24.30 and a 12-month high of $38.56.

Twenty-First Century Fox (NASDAQ:FOX) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.38 by $0.04. The business had revenue of $8.04 billion for the quarter. Twenty-First Century Fox had a net margin of 13.49% and a return on equity of 19.01%.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Wednesday, March 14th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Tuesday, March 13th. Twenty-First Century Fox’s dividend payout ratio is 16.82%.

A number of research analysts recently weighed in on the stock. BidaskClub raised shares of Twenty-First Century Fox from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 8th. OTR Global raised shares of Twenty-First Century Fox to a “positive” rating in a research report on Monday, October 30th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $34.00.

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Twenty-First Century Fox Company Profile

Twenty-First Century Fox, Inc is a media and entertainment company. The Company’s segments include Cable Network Programming; Television; Filmed Entertainment, and Other, Corporate and Eliminations. The Cable Network Programming segment produces and licenses news, business news, sports, general entertainment, factual entertainment and movie programming for distribution.

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