7,919 Shares in Fox Co. (NASDAQ:FOXA) Acquired by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC bought a new position in shares of Fox Co. (NASDAQ:FOXA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,919 shares of the company's stock, valued at approximately $385,000.

Several other hedge funds have also recently bought and sold shares of the business. WealthTrak Capital Management LLC acquired a new stake in shares of FOX in the fourth quarter valued at about $26,000. SRS Capital Advisors Inc. grew its position in shares of FOX by 91.0% in 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 last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of FOX in the fourth quarter valued at about $28,000. Jones Financial Companies Lllp grew its position in shares of FOX by 61.5% in 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. Finally, CIBC Private Wealth Group LLC grew its position in shares of FOX by 122.3% in 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. 52.52% of the stock is owned by institutional investors and hedge funds.

FOX Price Performance

Shares of FOXA traded down $0.10 on Friday, hitting $54.65. The company's stock had a trading volume of 894,930 shares, compared to its average volume of 3,497,894. The company has a market capitalization of $24.57 billion, a PE ratio of 11.69, a PEG ratio of 1.27 and a beta of 0.51. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. Fox Co. has a fifty-two week low of $32.76 and a fifty-two week high of $58.74. The company has a 50 day moving average price of $51.86 and a 200 day moving average price of $51.02.

FOX (NASDAQ:FOXA - Get Free Report) last announced its 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 business had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.14 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. FOX's revenue was up 26.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.40 EPS. On average, research analysts anticipate that Fox Co. will post 4.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FOXA. Guggenheim reaffirmed a "buy" rating and issued a $60.00 price target on shares of FOX in a research report on Tuesday, March 25th. Loop Capital lifted their target price on FOX from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. The Goldman Sachs Group set a $60.00 target price on FOX and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Cowen reissued a "hold" rating on shares of FOX in a research report on Tuesday, May 13th. Finally, Barclays reissued an "outperform" rating on shares of FOX in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $52.71.

FOX 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.