Cresset Asset Management LLC Sells 23,358 Shares of Fox Co. (NASDAQ:FOXA)

Cresset Asset Management LLC cut its stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 77.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,765 shares of the company's stock after selling 23,358 shares during the quarter. Cresset Asset Management LLC's holdings in FOX were worth $329,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. DnB Asset Management AS grew its holdings in FOX by 0.6% during the 4th quarter. DnB Asset Management AS now owns 44,063 shares of the company's stock worth $2,141,000 after acquiring an additional 245 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in FOX by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after acquiring an additional 249 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after acquiring an additional 262 shares during the last quarter. US Bancorp DE grew its holdings in FOX by 2.0% during the 4th quarter. US Bancorp DE now owns 14,520 shares of the company's stock worth $705,000 after acquiring an additional 281 shares during the last quarter. Finally, Metis Global Partners LLC grew its holdings in FOX by 2.8% during the 4th quarter. Metis Global Partners LLC now owns 10,783 shares of the company's stock worth $524,000 after acquiring an additional 292 shares during the last quarter. 52.52% of the stock is owned by institutional investors.

FOX Stock Up 1.2%

FOX stock traded up $0.69 during trading on Tuesday, hitting $56.50. 3,943,592 shares of the company were exchanged, compared to its average volume of 3,484,291. Fox Co. has a 52 week low of $32.51 and a 52 week high of $58.74. The business's 50 day moving average is $51.41 and its 200 day moving average is $50.50. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $25.40 billion, a P/E ratio of 12.10, a PEG ratio of 1.27 and a beta of 0.51.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FOXA shares. Cfra Research raised shares of FOX from a "hold" rating to a "moderate buy" rating in a report on Monday, April 7th. Guggenheim reaffirmed a "buy" rating and issued a $60.00 price objective on shares of FOX in a research note on Tuesday, March 25th. JPMorgan Chase & Co. upped their price objective on shares of FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Cowen reaffirmed a "hold" rating on shares of FOX in a research note on Tuesday, May 13th. Finally, Morgan Stanley upped their price objective on shares of FOX from $57.00 to $60.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, FOX has an average rating of "Hold" and a consensus price target of $52.71.

Insider Buying and Selling

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the completion of the transaction, 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. 21.77% of the stock is currently 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.