Raiffeisen Bank International AG purchased a new stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 18,536 shares of the company's stock, valued at approximately $905,000.
Other hedge funds also recently made changes to their positions in the company. CIBC Private Wealth Group LLC lifted its holdings in shares of FOX by 122.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock valued at $33,000 after purchasing an additional 368 shares during the last quarter. Asset Management One Co. Ltd. increased its position in FOX by 25.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 118,380 shares of the company's stock valued at $5,856,000 after buying an additional 23,704 shares in the last quarter. Park Avenue Securities LLC increased its position in FOX by 32.4% during the 4th quarter. Park Avenue Securities LLC now owns 15,481 shares of the company's stock valued at $752,000 after buying an additional 3,787 shares in the last quarter. Brookstone Capital Management purchased a new position in FOX during the fourth quarter valued at $492,000. Finally, Proficio Capital Partners LLC bought a new stake in FOX in the fourth quarter worth $7,767,000. 52.52% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on FOXA. Cowen restated a "hold" rating on shares of FOX in a report on Tuesday, May 13th. Cfra Research upgraded shares of FOX from a "hold" rating to a "moderate buy" rating in a report on Monday, April 7th. The Goldman Sachs Group set a $60.00 price target on shares of FOX and gave the company a "buy" rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. raised their price objective on shares of FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday, February 5th. Finally, UBS Group upped their target price on shares of FOX from $61.00 to $63.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $52.71.
View Our Latest Stock Report on FOX
FOX Stock Down 0.5%
FOXA traded down $0.27 during trading on Monday, hitting $55.81. The stock had a trading volume of 2,555,649 shares, compared to its average volume of 3,482,451. Fox Co. has a twelve month low of $32.51 and a twelve month high of $58.74. The stock has a 50 day simple moving average of $51.41 and a two-hundred day simple moving average of $50.50. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The company has a market capitalization of $25.09 billion, a PE ratio of 11.95, a PEG ratio of 1.27 and a beta of 0.51.
FOX (NASDAQ:FOXA - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.17. FOX had a return on equity of 18.50% and a net margin of 14.39%. The firm had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the previous year, the company posted $1.40 earnings per share. The company's revenue was up 26.8% compared to the same quarter last year. On average, research analysts predict that Fox Co. will post 4.38 earnings per share for the current year.
Insider Activity
In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the sale, the chairman now owns 1,200,862 shares in the company, valued at $63,849,832.54. This trade represents a 4.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 21.77% of the company's stock.
About FOX
(
Free Report)
Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.
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