28,909 Shares in Fox Co. (NASDAQ:FOXA) Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 28,909 shares of the company's stock, valued at approximately $1,404,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in FOX during the fourth quarter worth $132,161,000. Jupiter Asset Management Ltd. bought a new stake in FOX during the fourth quarter worth $67,471,000. FMR LLC grew its holdings in FOX by 240.2% during the fourth quarter. FMR LLC now owns 1,884,927 shares of the company's stock worth $91,570,000 after buying an additional 1,330,908 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in FOX by 308.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,218,070 shares of the company's stock worth $59,174,000 after buying an additional 919,883 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in FOX by 3,077.5% during the fourth quarter. Allianz Asset Management GmbH now owns 885,476 shares of the company's stock worth $43,016,000 after buying an additional 857,609 shares in the last quarter. Institutional investors own 52.52% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group set a $60.00 price target on FOX and gave the stock a "buy" rating in a report on Tuesday, February 4th. Wells Fargo & Company upped 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. Barclays reiterated an "outperform" rating on shares of FOX in a report on Tuesday, May 13th. Wolfe Research cut FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price objective on the stock. in a research report on Monday, April 7th. Finally, Loop Capital boosted 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. 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $52.71.

FOX Trading Up 0.4%

Shares of FOXA traded up $0.20 during mid-day trading on Monday, reaching $55.14. 3,753,654 shares of the company's stock traded hands, compared to its average volume of 3,515,556. The stock has a market cap of $24.79 billion, a P/E ratio of 11.81, a P/E/G ratio of 1.27 and a beta of 0.51. The stock's 50-day moving average is $51.85 and its two-hundred day moving average is $51.19. Fox Co. has a 12 month low of $32.76 and a 12 month high of $58.74. 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 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. FOX had a return on equity of 18.50% and a net margin of 14.39%. The company had revenue of $4.37 billion for the quarter, compared to analysts' expectations of $4.14 billion. During the same quarter in the prior year, the firm earned $1.40 earnings per share. FOX's revenue was up 26.8% compared to the same quarter last year. Research analysts forecast that Fox Co. will post 4.38 earnings per share 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.