Recent insider trends for Twenty-First Century Fox, Inc. (NASDAQ:FOXA) have caught the attention of investors. Analysts study insider data to get a sense of sense of what key shareholders think about the outlook for a particular stock. In the case of FOXA, the data has some interesting implications for where the stock might be headed.
Institutions own 97.50% of Twenty-First Century Fox, Inc. (FOXA)’s shares. The total value of these holdings, in millions, is $33,901. Among active positions in the latest quarter, 262 holders increased their positions by a total of 73.48 million shares, 292 holders decreased the positions by a total of 53.96 million shares, and 117 holders held their positions. This works out to a net increase in ownership of 19.52 million shares, and suggests that institutions are feeling bullish about the stock.
Among new and sold out positions, 52 holders initiated new positions by a total of 3.41 million shares and 58 holders exited their positions by a total of 7.08 million shares. This nets out to a decrease of 3.67 million shares and is another bearish sign for FOXA.
Insider ownership increased by a total of 0 shares, which suggests that FOXA’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: ownership increased by a net of 0 shares.
The analysis of insider buying and selling trends can be extended to the aggregate level. Short interest, which represents the number of a stock’s shares currently being shorted, captures what the market as a whole feels about a stock. Twenty-First Century Fox, Inc. (NASDAQ:FOXA)’s short interest is 28.84 million shares, or 1.95% of the float. This represents a decrease of -21% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.
In light of the insider ownership and trading data it makes sense to consider technicals to see if they come to a similar conclusion about the outlook for FOXA. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that FOXA is a Strong buy, which implies that FOXA is expected to outperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Twenty-First Century Fox, Inc. (NASDAQ:FOXA) is undervalued.