Fox Corporation (NASDAQ:FOX) Short Interest Up 35.3% in January

Fox Corporation (NASDAQ:FOX) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 20,904,590 shares, an increase of 35.3% from the January 15th total of 15,448,348 shares. Approximately 6.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,364,283 shares, the short-interest ratio is presently 15.3 days. Based on an average daily trading volume, of 1,364,283 shares, the short-interest ratio is presently 15.3 days. Approximately 6.1% of the shares of the company are sold short.

FOX News Summary

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Heavy live coverage by FOX Weather and local Fox affiliates of a “dangerous” Southern California storm (evacuation warnings, flood watches, heavy snow) is driving real-time traffic and likely boosts short-term advertising and streaming impressions. Live updates: California slammed by ‘dangerous’ storm
• Positive Sentiment: Fox’s news and video segments (national/security/politics coverage) continue to supply steady streaming and linear viewing that supports ad sales across the ecosystem — examples include recent Fox News video briefings on international diplomacy and US politics. 20+ countries to attend first Board of Peace meeting
• Positive Sentiment: Recent fundamentals remain supportive: Fox beat Q2 estimates (reported Feb. 4) on both EPS and revenue, giving investors confidence in profitability and cash flow (helps explain resilience at current levels).
• Neutral Sentiment: Ongoing non-weather headlines (human-interest stories, legal/political coverage, international news) will keep baseline engagement steady but are less likely to move the stock materially unless a major ratings or regulatory development emerges. Diplomacy by itself ‘can’t work’ – Mark Levin
• Neutral Sentiment: There are no obvious company-specific negatives in the past 24–36 hours; most items are newsroom content and local coverage rather than corporate developments, so any stock moves today look driven more by audience/advertising dynamics than new corporate risks.

FOX Trading Up 0.3%

NASDAQ:FOX traded up $0.17 during mid-day trading on Monday, hitting $51.56. 2,001,268 shares of the stock traded hands, compared to its average volume of 1,681,186. The company has a quick ratio of 2.44, a current ratio of 2.78 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $21.93 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 7.00 and a beta of 0.56. FOX has a 52 week low of $43.18 and a 52 week high of $68.18. The firm’s 50 day moving average is $63.56 and its two-hundred day moving average is $58.05.

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

FOX Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, March 4th. FOX’s dividend payout ratio (DPR) is 13.46%.

Analysts Set New Price Targets

Several analysts have commented on FOX shares. Weiss Ratings reiterated a “buy (b)” rating on shares of FOX in a research note on Monday, December 29th. Guggenheim reiterated a “buy” rating and issued a $85.00 target price on shares of FOX in a research report on Monday, December 22nd. UBS Group restated a “buy” rating on shares of FOX in a report on Friday, October 31st. Zacks Research cut FOX from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Finally, Fox Advisors set a $97.00 target price on shares of FOX in a report on Tuesday, October 28th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, FOX presently has an average rating of “Moderate Buy” and a consensus price target of $82.50.

Insiders Place Their Bets

In other news, insider Adam G. Ciongoli sold 29,897 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $69.55, for a total value of $2,079,336.35. Following the transaction, the insider owned 35,978 shares of the company’s stock, valued at $2,502,269.90. This trade represents a 45.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $59.26, for a total transaction of $5,926,000.00. Following the sale, the chairman owned 1,100,862 shares in the company, valued at $65,237,082.12. The trade was a 8.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 23.06% of the stock is currently owned by insiders.

Institutional Trading of FOX

Hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its holdings in shares of FOX by 65.6% in the 1st quarter. AQR Capital Management LLC now owns 26,715 shares of the company’s stock valued at $1,408,000 after purchasing an additional 10,579 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in FOX by 4.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,446 shares of the company’s stock valued at $656,000 after purchasing an additional 586 shares during the last quarter. NewEdge Advisors LLC bought a new position in FOX in the first quarter worth about $224,000. Woodline Partners LP lifted its position in shares of FOX by 40.7% during the first quarter. Woodline Partners LP now owns 11,145 shares of the company’s stock valued at $587,000 after buying an additional 3,222 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of FOX by 427.0% in the 1st 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 in the last quarter. 26.41% of the stock is owned by hedge funds and other institutional investors.

FOX Company Profile

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.