MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 64.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,049 shares of the company's stock after selling 38,821 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in FOX were worth $1,023,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its position 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 acquiring an additional 838 shares in the last quarter. KBC Group NV lifted its position in FOX by 56.1% in the 4th quarter. KBC Group NV now owns 2,367,698 shares of the company's stock valued at $115,022,000 after acquiring an additional 851,127 shares in the last quarter. Pacer Advisors Inc. lifted its position in FOX by 5.4% in the 4th quarter. Pacer Advisors Inc. now owns 8,340,762 shares of the company's stock valued at $405,194,000 after acquiring an additional 425,186 shares in the last quarter. SteelPeak Wealth LLC bought a new position in FOX in the 4th quarter valued at about $2,645,000. Finally, Robeco Institutional Asset Management B.V. lifted its position in FOX by 308.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,218,070 shares of the company's stock valued at $59,174,000 after acquiring an additional 919,883 shares in the last quarter. Institutional investors own 52.52% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on FOXA shares. Loop Capital raised their price target on shares of FOX from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Guggenheim reaffirmed a "buy" rating and issued a $60.00 price target on shares of FOX in a research report on Tuesday, March 25th. Wolfe Research lowered shares of FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price objective for the company. in a research note on Monday, April 7th. Barclays reiterated an "outperform" rating on shares of FOX in a research note on Tuesday, May 13th. Finally, The Goldman Sachs Group set a $60.00 price objective on shares of FOX and gave the company a "buy" rating in a research note on Tuesday, February 4th. 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 stock. According to MarketBeat.com, FOX has an average rating of "Hold" and a consensus target price of $52.71.
View Our Latest Analysis on FOXA
FOX Stock Performance
Shares of FOXA stock traded up $0.35 during trading hours on Wednesday, hitting $56.15. 2,674,308 shares of the company were exchanged, compared to its average volume of 3,504,320. The firm has a fifty day simple moving average of $51.78 and a 200 day simple moving average of $50.92. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. Fox Co. has a 52-week low of $32.76 and a 52-week high of $58.74. The stock has a market capitalization of $25.25 billion, a price-to-earnings ratio of 12.02, a P/E/G ratio of 1.27 and a beta of 0.51.
FOX (NASDAQ:FOXA - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating 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 business had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same period in the previous year, the business earned $1.40 EPS. FOX's revenue was up 26.8% compared to the same quarter last year. Research analysts predict that Fox Co. will post 4.38 earnings per share for the current fiscal year.
FOX Profile
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Free Report)
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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