Nisa Investment Advisors LLC Decreases Holdings in Fox Corporation (NASDAQ:FOXA)

Nisa Investment Advisors LLC cut its stake in shares of Fox Corporation (NASDAQ:FOXA - Free Report) by 37.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,266 shares of the company's stock after selling 11,920 shares during the period. Nisa Investment Advisors LLC's holdings in FOX were worth $1,147,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FOXA. WealthTrak Capital Management LLC purchased a new stake in FOX during the 4th quarter valued at $26,000. Jones Financial Companies Lllp raised its stake in FOX by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after buying an additional 249 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in FOX by 122.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock valued at $33,000 after buying an additional 368 shares during the last quarter. MV Capital Management Inc. raised its stake in FOX by 929.9% during the 1st quarter. MV Capital Management Inc. now owns 690 shares of the company's stock valued at $39,000 after buying an additional 623 shares during the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in FOX during the 1st quarter valued at $43,000. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on FOXA shares. Cfra Research cut FOX from a "moderate buy" rating to a "hold" rating in a report on Friday, June 27th. Loop Capital raised their target price on FOX from $62.00 to $64.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Bank of America raised their target price on FOX from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Guggenheim reaffirmed a "buy" rating and issued a $62.00 target price (up from $60.00) on shares of FOX in a report on Wednesday, June 25th. Finally, UBS Group set a $65.00 target price on FOX and gave the stock a "buy" rating in a report on Wednesday, June 25th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $53.53.

FOX Price Performance

NASDAQ:FOXA opened at $55.96 on Tuesday. The stock has a market cap of $25.16 billion, a PE ratio of 13.92, a P/E/G ratio of 1.23 and a beta of 0.51. The business's 50-day simple moving average is $54.81 and its two-hundred day simple moving average is $52.83. The company has a quick ratio of 2.33, a current ratio of 2.45 and a debt-to-equity ratio of 0.57. Fox Corporation has a 52 week low of $35.70 and a 52 week high of $58.74.

FOX (NASDAQ:FOXA - Get Free Report) last issued 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. The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.14 billion. FOX had a return on equity of 17.99% and a net margin of 11.58%. The business's quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.40 earnings per share. As a group, analysts forecast that Fox Corporation will post 4.38 EPS for the current fiscal year.

Insider Buying and Selling at FOX

In other news, CFO Steven Tomsic sold 39,642 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the completion of the transaction, the chief financial officer owned 133,923 shares in the company, valued at $7,405,941.90. This trade represents a 22.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 21.77% of the stock is currently owned by insiders.

FOX Company 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.

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