JT Stratford LLC Takes $1.65 Million Position in Fox Co. (NASDAQ:FOXA)

JT Stratford LLC purchased a new stake in Fox Co. (NASDAQ:FOXA - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 33,900 shares of the company's stock, valued at approximately $1,647,000.

Several other large investors have also recently added to or reduced their stakes in the stock. PharVision Advisers LLC acquired a new stake in FOX in the 4th quarter valued at $502,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in FOX by 8.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,676,877 shares of the company's stock valued at $130,043,000 after purchasing an additional 219,016 shares in the last quarter. Voloridge Investment Management LLC increased its holdings in FOX by 13.8% in the 4th quarter. Voloridge Investment Management LLC now owns 1,531,034 shares of the company's stock valued at $74,378,000 after purchasing an additional 186,166 shares in the last quarter. Worldquant Millennium Advisors LLC increased its holdings in FOX by 275.7% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 404,344 shares of the company's stock valued at $19,643,000 after purchasing an additional 296,713 shares in the last quarter. Finally, Woodline Partners LP grew its stake in shares of FOX by 2.3% during the fourth quarter. Woodline Partners LP now owns 653,889 shares of the company's stock valued at $31,766,000 after acquiring an additional 14,536 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors and hedge funds.

FOX Stock Performance

NASDAQ FOXA traded up $0.58 during trading hours on Tuesday, reaching $55.62. The company's stock had a trading volume of 956,364 shares, compared to its average volume of 3,498,508. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The business has a 50-day simple moving average of $51.72 and a 200 day simple moving average of $50.88. Fox Co. has a 52 week low of $32.76 and a 52 week high of $58.74. The stock has a market cap of $25.01 billion, a PE ratio of 11.91, a PEG ratio of 1.27 and a beta of 0.51.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FOXA shares. Wolfe Research downgraded FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 target price for the company. in a research note on Monday, April 7th. JPMorgan Chase & Co. raised their target price on FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Loop Capital raised their target price on FOX from $62.00 to $64.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. UBS Group raised their target price on FOX from $61.00 to $63.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Finally, Guggenheim restated a "buy" rating and set a $60.00 target price on shares of FOX in a research note on Tuesday, March 25th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $52.71.

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.