USS Investment Management Ltd Sells 34,152 Shares of Fox Co. (NASDAQ:FOXA)

USS Investment Management Ltd lessened its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 41.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,110 shares of the company's stock after selling 34,152 shares during the period. USS Investment Management Ltd's holdings in FOX were worth $2,336,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Voloridge Investment Management LLC increased its stake in shares of FOX by 13.8% in the fourth quarter. Voloridge Investment Management LLC now owns 1,531,034 shares of the company's stock worth $74,378,000 after purchasing an additional 186,166 shares during the period. Worldquant Millennium Advisors LLC increased its stake in shares of FOX by 275.7% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 404,344 shares of the company's stock worth $19,643,000 after purchasing an additional 296,713 shares during the period. Woodline Partners LP increased its stake in shares of FOX by 2.3% in the fourth quarter. Woodline Partners LP now owns 653,889 shares of the company's stock worth $31,766,000 after purchasing an additional 14,536 shares during the period. Virtus Investment Advisers Inc. bought a new position in shares of FOX in the fourth quarter worth about $251,000. Finally, WBI Investments LLC bought a new position in shares of FOX in the fourth quarter worth about $290,000. Institutional investors and hedge funds own 52.52% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FOXA shares. Wells Fargo & Company upped their price objective on FOX from $58.00 to $62.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Barclays restated an "outperform" rating on shares of FOX in a research report on Tuesday, May 13th. Cfra Research upgraded shares of FOX from a "hold" rating to a "moderate buy" rating in a research report on Monday, April 7th. Cowen reiterated a "hold" rating on shares of FOX in a report on Tuesday, May 13th. Finally, Guggenheim restated a "buy" rating and set a $60.00 price objective on shares of FOX in a research note on Tuesday, March 25th. 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's stock. According to data from MarketBeat, FOX has a consensus rating of "Hold" and a consensus target price of $52.71.

FOX Stock Up 1.4%

Shares of NASDAQ:FOXA traded up $0.76 during midday trading on Tuesday, hitting $55.80. 3,257,890 shares of the company's stock were exchanged, compared to its average volume of 3,507,312. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The stock has a 50 day moving average price of $51.72 and a 200-day moving average price of $50.88. The company has a market cap of $25.09 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. Fox Co. has a 12 month low of $32.76 and a 12 month high of $58.74.

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

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.