Stock Traders Buy Large Volume of Call Options on 21st Century Fox (FOX)

21st Century Fox (NASDAQ:FOX) saw unusually large options trading on Tuesday. Stock investors purchased 24,470 call options on the company. This represents an increase of approximately 11,721% compared to the typical volume of 207 call options.

A number of equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of 21st Century Fox from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 8th. Loop Capital assumed coverage on shares of 21st Century Fox in a research report on Friday, March 16th. They issued a “buy” rating and a $43.00 price target for the company.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in FOX. State of Wisconsin Investment Board raised its position in 21st Century Fox by 59.6% during the fourth quarter. State of Wisconsin Investment Board now owns 9,118,923 shares of the company’s stock valued at $311,138,000 after purchasing an additional 3,403,966 shares in the last quarter. Pentwater Capital Management LP acquired a new position in 21st Century Fox during the fourth quarter valued at approximately $92,923,000. Manikay Partners LLC raised its position in 21st Century Fox by 59.3% during the fourth quarter. Manikay Partners LLC now owns 2,350,000 shares of the company’s stock valued at $80,182,000 after purchasing an additional 875,000 shares in the last quarter. BlackRock Inc. raised its position in 21st Century Fox by 3.5% during the fourth quarter. BlackRock Inc. now owns 25,798,234 shares of the company’s stock valued at $880,235,000 after purchasing an additional 871,395 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its position in 21st Century Fox by 28.9% during the fourth quarter. Gamco Investors INC. ET AL now owns 3,344,543 shares of the company’s stock valued at $114,116,000 after purchasing an additional 749,839 shares in the last quarter. Institutional investors own 24.30% of the company’s stock.

NASDAQ FOX opened at $37.09 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.16 and a quick ratio of 1.77. 21st Century Fox has a 1-year low of $24.30 and a 1-year high of $38.56. The company has a market capitalization of $67,635.79, a PE ratio of 20.17 and a beta of 1.26.

21st Century Fox (NASDAQ:FOX) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. 21st Century Fox had a net margin of 13.49% and a return on equity of 19.01%. The company had revenue of $8.04 billion during the quarter.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Wednesday, March 14th will be given a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.94%.

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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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