21st Century Fox (NASDAQ:FOXA) was the target of unusually large options trading activity on Thursday. Stock investors purchased 12,729 put options on the stock. This is an increase of 1,115% compared to the typical volume of 1,048 put options.

Shares of FOXA stock opened at $37.77 on Friday. 21st Century Fox has a 52 week low of $37.81 and a 52 week high of $38.07. The company has a market capitalization of $70.69 billion, a PE ratio of 21.68, a P/E/G ratio of 1.89 and a beta of 1.32. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.05 and a quick ratio of 1.65.

21st Century Fox (NASDAQ:FOXA) last announced its earnings results on Wednesday, May 9th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The business had revenue of $7.42 billion for the quarter, compared to the consensus estimate of $7.40 billion. 21st Century Fox had a net margin of 13.76% and a return on equity of 17.50%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 earnings per share. equities research analysts anticipate that 21st Century Fox will post 1.96 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quad Capital Management Advisors LLC bought a new stake in 21st Century Fox during the first quarter valued at approximately $358,000. Meghalaya Partners L.P. grew its position in 21st Century Fox by 63.9% during the first quarter. Meghalaya Partners L.P. now owns 205,000 shares of the company’s stock valued at $7,521,000 after buying an additional 79,900 shares during the period. Scopus Asset Management L.P. bought a new stake in 21st Century Fox during the first quarter valued at approximately $3,669,000. Hound Partners LLC bought a new stake in 21st Century Fox during the first quarter valued at approximately $623,227,000. Finally, Naya Capital Management UK Ltd. grew its position in 21st Century Fox by 47.4% during the first quarter. Naya Capital Management UK Ltd. now owns 6,070,034 shares of the company’s stock valued at $222,710,000 after buying an additional 1,952,700 shares during the period. Institutional investors own 52.60% of the company’s stock.

Several research analysts have issued reports on FOXA shares. Atlantic Securities raised shares of 21st Century Fox from a “neutral” rating to an “overweight” rating in a report on Monday, January 22nd. Piper Jaffray reaffirmed a “buy” rating and issued a $44.00 target price on shares of 21st Century Fox in a report on Friday, January 26th. ValuEngine raised shares of 21st Century Fox from a “hold” rating to a “buy” rating in a report on Friday, February 9th. BMO Capital Markets lifted their price target 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. Finally, Loop Capital started coverage on shares of 21st Century Fox in a research note on Thursday, March 15th. They issued a “buy” rating and a $43.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $39.15.

About 21st Century Fox

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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