iSAM Funds UK Ltd Sells 4,991 Shares of Fox Co. (NASDAQ:FOXA)

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

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FOXA. Principal Financial Group Inc. increased its holdings in FOX by 0.4% in the third quarter. Principal Financial Group Inc. now owns 291,051 shares of the company's stock valued at $12,320,000 after purchasing an additional 1,178 shares during the last quarter. Park Avenue Securities LLC increased its holdings in FOX by 32.4% in the fourth quarter. Park Avenue Securities LLC now owns 15,481 shares of the company's stock valued at $752,000 after purchasing an additional 3,787 shares during the last quarter. Ritholtz Wealth Management increased its holdings in FOX by 4.1% in the fourth quarter. Ritholtz Wealth Management now owns 10,104 shares of the company's stock valued at $491,000 after purchasing an additional 399 shares during the last quarter. Avanza Fonder AB bought a new stake in FOX in the fourth quarter valued at about $790,000. Finally, Brooklyn Investment Group increased its holdings in FOX by 142.5% in the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company's stock valued at $39,000 after purchasing an additional 466 shares during the last quarter. Institutional investors own 52.52% of the company's stock.

Insider Transactions at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm's 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 owns 1,200,862 shares in the company, valued at $63,849,832.54. This trade represents a 4.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 21.77% of the stock is owned by corporate insiders.

FOX Stock Performance

FOXA opened at $55.81 on Tuesday. Fox Co. has a 12-month low of $32.51 and a 12-month high of $58.74. The stock has a market cap of $25.09 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 1.27 and a beta of 0.51. The business has a 50 day moving average of $51.41 and a 200-day moving average of $50.50. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.

FOX (NASDAQ:FOXA - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.17. The company had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.14 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. The business's revenue was up 26.8% on a year-over-year basis. During the same period last year, the firm posted $1.40 earnings per share. On average, equities research analysts expect that Fox Co. will post 4.38 earnings per share for the current year.

Analysts Set New Price Targets

FOXA has been the subject of several recent analyst reports. Wells Fargo & Company increased their price target on FOX from $58.00 to $62.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. increased their price target on FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday, February 5th. Loop Capital upped their price objective on FOX from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. UBS Group upped their price objective on FOX from $61.00 to $63.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Finally, Moffett Nathanson cut FOX from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $51.00 to $52.00 in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus 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.

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