iSAM Funds UK Ltd Cuts Stock Position in Fox Co. (NASDAQ:FOXA)

iSAM Funds UK Ltd lowered its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 27.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,131 shares of the company's stock after selling 4,991 shares during the period. iSAM Funds UK Ltd's holdings in FOX were worth $638,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. WealthTrak Capital Management LLC purchased a new position in shares of FOX during the fourth quarter valued at approximately $26,000. SRS Capital Advisors Inc. boosted its position in shares of FOX by 91.0% during the fourth 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 last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of FOX during the fourth quarter valued at approximately $28,000. Jones Financial Companies Lllp boosted its position in shares of FOX by 61.5% during the fourth 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 last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in shares of FOX by 122.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock valued at $33,000 after buying an additional 368 shares during the last quarter. Institutional investors and hedge funds own 52.52% of the company's stock.

FOX Price Performance

FOX stock traded up $0.06 during midday trading on Friday, hitting $55.04. 2,905,809 shares of the company's stock were exchanged, compared to its average volume of 3,508,314. Fox Co. has a 52-week low of $32.76 and a 52-week high of $58.74. The stock has a 50-day moving average price of $51.68 and a two-hundred day moving average price of $50.77. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The company has a market cap of $24.75 billion, a P/E ratio of 11.79, a PEG ratio of 1.27 and a beta of 0.51.

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. FOX had a return on equity of 18.50% and a net margin of 14.39%. The business had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.14 billion. During the same period in the previous year, the business earned $1.40 earnings per share. The firm's revenue was up 26.8% on a year-over-year basis. On average, equities research analysts forecast that Fox Co. will post 4.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on FOXA shares. Cowen reaffirmed a "hold" rating on shares of FOX in a research report on Tuesday, May 13th. UBS Group lifted their price target on FOX from $61.00 to $63.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Morgan Stanley lifted their price target on FOX from $57.00 to $60.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Wolfe Research lowered FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price target on the stock. in a report on Monday, April 7th. Finally, Guggenheim reiterated a "buy" rating and set a $60.00 price target on shares of FOX in a report on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, FOX has an average rating of "Hold" and a consensus 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.