Man Group plc Purchases New Stake in Fox Co. (NASDAQ:FOXA)

Man Group plc acquired a new position in Fox Co. (NASDAQ:FOXA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 66,675 shares of the company's stock, valued at approximately $3,239,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atomi Financial Group Inc. raised its holdings in FOX by 12.5% in the 4th quarter. Atomi Financial Group Inc. now owns 8,917 shares of the company's stock worth $433,000 after purchasing an additional 994 shares during the period. Janney Montgomery Scott LLC increased its holdings in FOX by 7.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 12,613 shares of the company's stock valued at $613,000 after purchasing an additional 838 shares during the last quarter. KBC Group NV increased its stake in FOX by 56.1% during the fourth quarter. KBC Group NV now owns 2,367,698 shares of the company's stock worth $115,022,000 after purchasing an additional 851,127 shares during the period. Pacer Advisors Inc. grew its stake in shares of FOX by 5.4% in the fourth quarter. Pacer Advisors Inc. now owns 8,340,762 shares of the company's stock worth $405,194,000 after acquiring an additional 425,186 shares in the last quarter. Finally, SteelPeak Wealth LLC purchased a new stake in shares of FOX during the 4th quarter worth $2,645,000. Institutional investors and hedge funds own 52.52% of the company's stock.

Analysts Set New Price Targets

FOXA has been the topic of a number of research reports. UBS Group raised their target price on shares of FOX from $61.00 to $63.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Wolfe Research lowered shares of FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price target on the stock. in a research note on Monday, April 7th. JPMorgan Chase & Co. increased their price target on shares of FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday, February 5th. The Goldman Sachs Group set a $60.00 price objective on FOX and gave the company a "buy" rating in a report on Tuesday, February 4th. Finally, Loop Capital increased their target price on FOX from $62.00 to $64.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $52.71.

FOX Trading Up 0.1%

Shares of FOXA stock traded up $0.03 during mid-day trading on Wednesday, hitting $55.83. 293,251 shares of the company's stock were exchanged, compared to its average volume of 4,140,471. The stock has a market cap of $25.10 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 1.27 and a beta of 0.51. The stock has a 50-day simple moving average of $51.78 and a two-hundred day simple moving average of $50.92. Fox Co. has a fifty-two week low of $32.76 and a fifty-two week high of $58.74. 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 announced its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.17. FOX had a net margin of 14.39% and a return on equity of 18.50%. The business had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same period in the prior year, the firm posted $1.40 EPS. The company's revenue was up 26.8% on a year-over-year basis. Equities analysts expect that Fox Co. will post 4.38 EPS 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.