Fox Corporation (NASDAQ:FOX) Short Interest Update

Fox Corporation (NASDAQ:FOX) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 11,150,065 shares, an increase of 20.2% from the February 26th total of 9,280,067 shares. Currently, 3.4% of the company’s stock are short sold. Based on an average daily volume of 1,825,566 shares, the days-to-cover ratio is presently 6.1 days.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of FOX in a research report on Monday, December 29th. Zacks Research downgraded shares of FOX from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Guggenheim reaffirmed a “buy” rating and issued a $85.00 target price on shares of FOX in a report on Monday, December 22nd. Wells Fargo & Company downgraded shares of FOX from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Finally, Bank of America reiterated an “underperform” rating and set a $45.00 price target (down from $80.00) on shares of FOX in a report on Wednesday, February 25th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $75.00.

Insider Buying and Selling

In other news, CEO Lachlan K. Murdoch sold 637,752 shares of FOX stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $58.20, for a total transaction of $37,117,166.40. Following the completion of the transaction, the chief executive officer directly owned 152 shares in the company, valued at approximately $8,846.40. This trade represents a 99.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John Nallen sold 242,309 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $57.74, for a total value of $13,990,921.66. Following the completion of the sale, the chief operating officer directly owned 357,653 shares in the company, valued at approximately $20,650,884.22. This represents a 40.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,586,871 shares of company stock valued at $91,893,926 in the last ninety days. Insiders own 23.06% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace LLP grew its stake in shares of FOX by 792.4% during the 3rd quarter. Marshall Wace LLP now owns 3,184,642 shares of the company’s stock valued at $182,448,000 after purchasing an additional 2,827,768 shares during the period. SG Americas Securities LLC lifted its stake in shares of FOX by 2,459.6% in the 4th quarter. SG Americas Securities LLC now owns 413,037 shares of the company’s stock worth $26,818,000 after purchasing an additional 396,900 shares during the period. Pinebridge Investments LLC purchased a new position in shares of FOX in the fourth quarter worth approximately $13,758,000. Gabelli Funds LLC grew its position in FOX by 26.4% during the third quarter. Gabelli Funds LLC now owns 538,400 shares of the company’s stock valued at $30,845,000 after buying an additional 112,600 shares during the period. Finally, Jane Street Group LLC grew its position in FOX by 427.0% during the first quarter. Jane Street Group LLC now owns 97,261 shares of the company’s stock valued at $5,127,000 after buying an additional 78,804 shares during the period. 26.41% of the stock is owned by hedge funds and other institutional investors.

FOX Stock Performance

NASDAQ:FOX traded down $0.37 during mid-day trading on Wednesday, reaching $52.73. The company’s stock had a trading volume of 1,567,795 shares, compared to its average volume of 1,862,741. The company has a current ratio of 2.78, a quick ratio of 2.44 and a debt-to-equity ratio of 0.60. The stock has a market cap of $22.43 billion, a P/E ratio of 12.67, a PEG ratio of 6.59 and a beta of 0.59. The firm’s fifty day moving average price is $55.51 and its two-hundred day moving average price is $57.89. FOX has a 12-month low of $43.18 and a 12-month high of $68.18.

FOX (NASDAQ:FOX) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.31. FOX had a net margin of 11.41% and a return on equity of 18.14%. The firm had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.06 billion. On average, equities analysts forecast that FOX will post 4.25 EPS for the current fiscal year.

FOX Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th were issued a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. FOX’s payout ratio is presently 13.46%.

Trending Headlines about FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Strong news flow and live coverage of high-profile events (Supreme Court birthright citizenship arguments, Middle East conflict, Trump-related stories) likely increases viewership for Fox News and Fox Weather, supporting ad revenue and affiliate carriage leverage. Trump, Bondi watch historic SCOTUS arguments as justices duel over birthright citizenship
• Positive Sentiment: Potential strategic partnership talks with Kalshi for Fox News and Fox Weather integrations could open new revenue/engagement streams if completed; the item is still early-stage but represents upside. Fox Corporation (FOXA) in Advance Talks With Kalshi
• Neutral Sentiment: Analyst coverage remains mixed — the company recently received an average “Hold” from analysts, suggesting no immediate consensus upgrade to spur a rally. Fox Corporation (NASDAQ:FOX) Receives Average Rating of “Hold” from Analysts
• Negative Sentiment: Technicals and valuation dynamics: the shares sit below the 50- and 200-day moving averages, which can trigger short-term selling/weakness and keep momentum traders cautious. Investors may be taking profits after recent run-ups and rotating into defensive or event-driven names.
• Negative Sentiment: Broader market and political risk: ongoing geopolitical headlines can be a double-edged sword — boosting ratings but increasing volatility in ad markets and advertiser pullbacks if coverage becomes polarizing or advertiser-sensitive (e.g., contentious political content or major escalation overseas).

About FOX

Fox Corporation (NASDAQ:FOX) is a U.S.-based media company that operates television broadcast, news and sports businesses. The company traces its contemporary structure to the 2019 reorganization that followed the sale of certain entertainment assets to The Walt Disney Company; Fox Corporation retained a portfolio centered on the Fox Broadcasting Company, Fox Television Stations, Fox News Media and Fox Sports. Over time the company has expanded its digital footprint through acquisitions and direct-to-consumer services, building a mix of linear and streaming distribution.

FOX’s core activities include the creation, aggregation and distribution of television programming and live sports, the operation of national cable news and business networks, and the ownership and operation of local broadcast stations.