Seizert Capital Partners LLC Cuts Holdings in Fox Corporation (NASDAQ:FOXA)

Seizert Capital Partners LLC decreased its holdings in shares of Fox Corporation (NASDAQ:FOXA - Free Report) by 28.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,381 shares of the company's stock after selling 62,844 shares during the period. Seizert Capital Partners LLC's holdings in FOX were worth $9,078,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in FOX during the fourth quarter valued at $132,161,000. Assetmark Inc. boosted its stake in FOX by 752.1% during the first quarter. Assetmark Inc. now owns 1,951,657 shares of the company's stock valued at $110,464,000 after buying an additional 1,722,616 shares during the period. FMR LLC raised its position in FOX by 240.2% during the fourth quarter. FMR LLC now owns 1,884,927 shares of the company's stock valued at $91,570,000 after purchasing an additional 1,330,908 shares in the last quarter. Federated Hermes Inc. raised its position in FOX by 164,675.7% during the first quarter. Federated Hermes Inc. now owns 1,255,591 shares of the company's stock valued at $71,066,000 after purchasing an additional 1,254,829 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in shares of FOX by 85.4% in the first quarter. Allianz Asset Management GmbH now owns 1,641,592 shares of the company's stock worth $92,914,000 after buying an additional 756,116 shares during the period. Institutional investors own 52.52% of the company's stock.

FOX Trading Down 0.8%

Shares of NASDAQ:FOXA traded down $0.46 during trading on Wednesday, reaching $55.46. The company's stock had a trading volume of 3,218,952 shares, compared to its average volume of 2,655,842. The company has a current ratio of 2.45, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $24.94 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 1.25 and a beta of 0.51. Fox Corporation has a 12 month low of $36.09 and a 12 month high of $58.74. The firm's 50 day simple moving average is $55.41 and its two-hundred day simple moving average is $53.35.

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 the consensus estimate of $0.93 by $0.17. The business had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.14 billion. FOX had a net margin of 11.58% and a return on equity of 17.99%. The firm's quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.40 earnings per share. On average, research analysts predict that Fox Corporation will post 4.38 EPS for the current fiscal year.

Insider Transactions at FOX

In other news, CFO Steven Tomsic sold 5,607 shares of FOX stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $55.37, for a total transaction of $310,459.59. Following the completion of the sale, the chief financial officer owned 133,923 shares of the company's stock, valued at approximately $7,415,316.51. The trade was a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 21.77% of the stock is currently owned by insiders.

Analyst Ratings Changes

FOXA has been the topic of several analyst reports. Morgan Stanley lifted their price objective on FOX from $57.00 to $60.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Loop Capital boosted their price objective on shares of FOX from $62.00 to $64.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Guggenheim reiterated a "buy" rating and set a $62.00 target price (up from $60.00) on shares of FOX in a research note on Wednesday, June 25th. Barclays reiterated an "outperform" rating on shares of FOX in a research note on Tuesday, May 13th. Finally, Cfra Research lowered FOX from a "moderate buy" rating to a "hold" rating in a research note on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $53.53.

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.