Nomura Holdings Inc. Reduces Position in Fox Co. (NASDAQ:FOXA)

Nomura Holdings Inc. reduced its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 77.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,094 shares of the company's stock after selling 94,390 shares during the period. Nomura Holdings Inc.'s holdings in FOX were worth $1,365,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. DnB Asset Management AS lifted its stake in FOX by 0.6% in the fourth quarter. DnB Asset Management AS now owns 44,063 shares of the company's stock worth $2,141,000 after purchasing an additional 245 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of FOX by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after acquiring an additional 249 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in FOX by 91.0% during 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 period. US Bancorp DE grew its position 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 increased its stake 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. Hedge funds and other institutional investors own 52.52% of the company's stock.

Insiders Place Their Bets

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the 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 of the company's stock, valued at $63,849,832.54. This represents a 4.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 21.77% of the stock is owned by insiders.

FOX Stock Down 2.4%

Shares of FOXA traded down $1.36 on Wednesday, hitting $55.14. 3,534,975 shares of the stock traded hands, compared to its average volume of 3,490,770. Fox Co. has a one year low of $32.51 and a one year high of $58.74. The company has a market capitalization of $24.79 billion, a PE ratio of 11.81, a P/E/G ratio of 1.27 and a beta of 0.51. The business has a 50 day simple moving average of $51.52 and a 200 day simple moving average of $50.54. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50.

FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share 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 firm had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.14 billion. During the same quarter in the previous year, the business earned $1.40 earnings per share. The company's revenue was up 26.8% on a year-over-year basis. As a group, equities analysts forecast that Fox Co. will post 4.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on FOXA shares. Barclays restated an "outperform" rating on shares of FOX in a report on Tuesday, May 13th. Guggenheim reiterated a "buy" rating and set a $60.00 target price on shares of FOX in a report on Tuesday, March 25th. Wells Fargo & Company lifted their price objective on FOX from $58.00 to $62.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Loop Capital upped their target price on FOX from $62.00 to $64.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Finally, The Goldman Sachs Group set a $60.00 price target on FOX and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, FOX has an average rating of "Hold" and an average price target of $52.71.

About FOX

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.