USS Investment Management Ltd Has $2.34 Million Stake in Fox Co. (NASDAQ:FOXA)

USS Investment Management Ltd trimmed its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 41.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,110 shares of the company's stock after selling 34,152 shares during the quarter. USS Investment Management Ltd's holdings in FOX were worth $2,336,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FOXA. WealthTrak Capital Management LLC purchased a new stake in shares of FOX in the fourth quarter worth approximately $26,000. SRS Capital Advisors Inc. increased its stake in 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 buying an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in FOX in the 4th quarter worth approximately $28,000. Jones Financial Companies Lllp boosted its stake in shares of FOX by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after buying an additional 249 shares during the period. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of 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 acquiring an additional 368 shares in the last quarter. 52.52% of the stock is owned by institutional investors and hedge funds.

FOX Stock Performance

FOXA stock traded up $0.35 on Wednesday, reaching $56.15. 2,563,725 shares of the company were exchanged, compared to its average volume of 3,503,994. The firm has a market capitalization of $25.25 billion, a PE ratio of 12.02, a PEG 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. The stock's fifty day moving average price is $51.78 and its 200 day moving average price is $50.92. 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 (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.17. FOX had a net margin of 14.39% and a return on equity of 18.50%. The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same period last year, the business posted $1.40 EPS. The business's quarterly revenue was up 26.8% on a year-over-year basis. On average, research analysts anticipate that Fox Co. will post 4.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FOXA shares. Barclays reiterated an "outperform" rating on shares of FOX in a report on Tuesday, May 13th. Cowen reaffirmed a "hold" rating on shares of FOX in a research note on Tuesday, May 13th. Wells Fargo & Company boosted their price target on FOX from $58.00 to $62.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. The Goldman Sachs Group set a $60.00 price objective on shares of FOX and gave the company a "buy" rating in a research report on Tuesday, February 4th. Finally, Guggenheim reiterated a "buy" rating and issued a $60.00 target price on shares of FOX in a research note on Tuesday, March 25th. 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price 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.