Assenagon Asset Management S.A. Has $2.81 Million Stock Position in Fox Corporation (NASDAQ:FOXA)

Assenagon Asset Management S.A. trimmed its holdings in shares of Fox Corporation (NASDAQ:FOXA - Free Report) by 18.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,614 shares of the company's stock after selling 11,160 shares during the period. Assenagon Asset Management S.A.'s holdings in FOX were worth $2,808,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. WealthTrak Capital Management LLC bought a new stake in shares of FOX during the fourth quarter worth $26,000. SRS Capital Advisors Inc. increased its position in FOX by 91.0% in the fourth 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 period. Jones Financial Companies Lllp raised 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 purchasing an additional 249 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in FOX by 122.3% during the 4th 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 period. Finally, MV Capital Management Inc. boosted its stake in shares of FOX by 929.9% in the 1st quarter. MV Capital Management Inc. now owns 690 shares of the company's stock valued at $39,000 after purchasing an additional 623 shares during the last quarter. Institutional investors own 52.52% of the company's stock.

Analyst Ratings Changes

FOXA has been the topic of several analyst reports. Guggenheim restated a "buy" rating and issued a $60.00 price objective on shares of FOX in a report on Tuesday, March 25th. Cowen reissued a "hold" rating on shares of FOX in a research note on Tuesday, May 13th. Barclays reissued an "outperform" rating on shares of FOX in a research note on Tuesday, May 13th. UBS Group increased their price target on FOX from $61.00 to $63.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Finally, Loop Capital raised their target price on FOX from $62.00 to $64.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $52.71.

Insiders Place Their Bets

In other news, CFO Steven Tomsic sold 39,642 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total value of $2,192,202.60. Following the transaction, the chief financial officer now owns 133,923 shares of the company's stock, valued at approximately $7,405,941.90. This represents a 22.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 21.77% of the company's stock.

FOX Stock Up 1.2%

NASDAQ FOXA traded up $0.63 during trading hours on Wednesday, hitting $54.71. 3,121,317 shares of the company traded hands, compared to its average volume of 3,548,859. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.33 and a current ratio of 2.45. The business's 50-day moving average is $52.30 and its 200-day moving average is $51.77. The stock has a market capitalization of $24.60 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 1.15 and a beta of 0.51. Fox Corporation has a twelve month low of $33.50 and a twelve month high of $58.74.

FOX (NASDAQ:FOXA - Get Free Report) last announced 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 return on equity of 17.99% and a net margin of 11.58%. The company had revenue of $4.37 billion for the quarter, compared to analysts' expectations of $4.14 billion. During the same quarter in the prior year, the business posted $1.40 EPS. The business's revenue was up 26.8% compared to the same quarter last year. Sell-side analysts anticipate that Fox Corporation will post 4.38 earnings per share for the current 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.