D. E. Shaw & Co. Inc. cut its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 44.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,056,251 shares of the company's stock after selling 848,496 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.23% of FOX worth $51,313,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. WealthTrak Capital Management LLC bought a new stake in FOX in the fourth quarter worth $26,000. SRS Capital Advisors Inc. lifted its stake in shares of FOX by 91.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock valued at $27,000 after acquiring an additional 262 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in FOX during the 4th quarter valued at about $28,000. Jones Financial Companies Lllp grew its position 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. Finally, CIBC Private Wealth Group LLC increased its stake in 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 purchasing an additional 368 shares during the period. 52.52% of the stock is currently owned by institutional investors.
FOX Stock Performance
NASDAQ:FOXA traded up $2.82 during trading hours on Tuesday, reaching $55.24. The company had a trading volume of 8,488,123 shares, compared to its average volume of 3,464,136. The firm's 50 day moving average price is $51.27 and its 200-day moving average price is $50.03. The firm has a market cap of $25.05 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 1.27 and a beta of 0.51. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. Fox Co. has a 52 week low of $32.45 and a 52 week high of $58.74.
FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.93 by $0.17. FOX had a return on equity of 18.50% and a net margin of 14.39%. The company had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the previous year, the company posted $1.40 earnings per share. FOX's revenue was up 26.8% compared to the same quarter last year. On average, analysts forecast that Fox Co. will post 4.38 EPS for the current year.
Insider Buying and Selling at FOX
In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction 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 transaction, the chairman now directly owns 1,200,862 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 21.77% of the company's stock.
Analysts Set New Price Targets
A number of research firms recently commented on FOXA. JPMorgan Chase & Co. upped their price target on shares of FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. The Goldman Sachs Group set a $60.00 target price on shares of FOX and gave the stock a "buy" rating in a report on Tuesday, February 4th. Barclays boosted their price target on FOX from $45.00 to $52.00 and gave the company an "equal weight" rating in a report on Tuesday. Wolfe Research lowered FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price objective on the stock. in a research report on Monday, April 7th. Finally, Cfra Research upgraded FOX from a "hold" rating to a "moderate buy" rating in a report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, FOX has a consensus rating of "Hold" and a consensus target price of $52.71.
View Our Latest Analysis on FOX
FOX Profile
(
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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