Caption Management LLC Buys New Shares in Fox Co. (NASDAQ:FOXA)

Caption Management LLC purchased a new position in shares of Fox Co. (NASDAQ:FOXA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 38,721 shares of the company's stock, valued at approximately $1,881,000.

Several other institutional investors have also modified their holdings of the business. WealthTrak Capital Management LLC acquired a new position in shares of FOX during the 4th quarter worth $26,000. SRS Capital Advisors Inc. increased its position in shares of FOX by 91.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after purchasing an additional 262 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of FOX in the 4th quarter valued at about $28,000. Jones Financial Companies Lllp boosted its holdings in shares of FOX by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after buying an additional 249 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of FOX by 122.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock worth $33,000 after acquiring an additional 368 shares during the period. Institutional investors and hedge funds own 52.52% of the company's stock.

FOX Stock Performance

Shares of FOX stock traded up $2.54 on Monday, reaching $52.78. 3,490,015 shares of the stock were exchanged, compared to its average volume of 3,422,838. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Fox Co. has a twelve month low of $32.45 and a twelve month high of $58.74. The firm has a market capitalization of $23.93 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 1.27 and a beta of 0.51. The business has a 50 day moving average price of $51.35 and a two-hundred day moving average price of $49.95.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.93 by $0.17. The firm had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.14 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. The firm's revenue for the quarter was up 26.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.40 earnings per share. Analysts anticipate that Fox Co. will post 4.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FOXA. Guggenheim restated a "buy" rating and set a $60.00 price target on shares of FOX in a report on Tuesday, March 25th. Wolfe Research downgraded FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 target price for the company. in a research note on Monday, April 7th. Barclays cut their price target on shares of FOX from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company lowered their price objective on shares of FOX from $63.00 to $58.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, UBS Group cut their price objective on shares of FOX from $63.00 to $61.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $51.65.

Insider Buying and Selling

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the transaction, the chairman now owns 1,200,862 shares of the company's stock, valued at approximately $63,849,832.54. The trade was a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 21.77% of the stock is owned by corporate insiders.

FOX Company Profile

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.