Brevan Howard Capital Management LP Acquires 119,241 Shares of Fox Co. (NASDAQ:FOXA)

Brevan Howard Capital Management LP boosted its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 415.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 147,910 shares of the company's stock after purchasing an additional 119,241 shares during the period. Brevan Howard Capital Management LP's holdings in FOX were worth $7,185,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FOXA. DnB Asset Management AS lifted its stake in FOX by 0.6% during the 4th quarter. DnB Asset Management AS now owns 44,063 shares of the company's stock valued at $2,141,000 after acquiring an additional 245 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of FOX by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after purchasing an additional 249 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in FOX by 91.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock valued at $27,000 after purchasing an additional 262 shares during the period. US Bancorp DE boosted its holdings in FOX by 2.0% in the fourth quarter. US Bancorp DE now owns 14,520 shares of the company's stock worth $705,000 after purchasing an additional 281 shares during the last quarter. Finally, Metis Global Partners LLC grew its position in FOX by 2.8% in the 4th quarter. Metis Global Partners LLC now owns 10,783 shares of the company's stock worth $524,000 after purchasing an additional 292 shares during the period. Institutional investors own 52.52% of the company's stock.

Insider Activity at FOX

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the company'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 transaction of $3,083,860.00. Following the sale, the chairman now directly owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. This represents a 4.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 21.77% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on FOXA. Wells Fargo & Company dropped their price target on FOX from $63.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. The Goldman Sachs Group set a $60.00 price objective on shares of FOX and gave the stock a "buy" rating in a report on Tuesday, February 4th. Moffett Nathanson cut shares of FOX from a "buy" rating to a "neutral" rating and upped their target price for the company from $51.00 to $52.00 in a report on Tuesday, January 21st. Guggenheim restated a "buy" rating and issued a $60.00 price objective on shares of FOX in a research note on Tuesday, March 25th. Finally, UBS Group decreased their target price on FOX from $63.00 to $61.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $51.65.

FOX Price Performance

Shares of FOX stock traded down $0.19 on Friday, hitting $50.23. 5,679,874 shares of the company traded hands, compared to its average volume of 3,421,694. 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 business has a 50-day simple moving average of $51.47 and a 200 day simple moving average of $49.78. Fox Co. has a 52 week low of $32.45 and a 52 week high of $58.74. The stock has a market capitalization of $22.78 billion, a P/E ratio of 10.76, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.62 by $0.34. The business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.78 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. The business's revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 EPS. Research analysts expect that Fox Co. will post 4.38 earnings per share for the current fiscal year.

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.