Penserra Capital Management LLC Has $489,000 Stock Holdings in Fox Corporation (NASDAQ:FOXA)

Penserra Capital Management LLC raised its position in Fox Corporation (NASDAQ:FOXA - Free Report) by 1,443.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 8,642 shares of the company's stock after acquiring an additional 8,082 shares during the period. Penserra Capital Management LLC's holdings in FOX were worth $489,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. WealthTrak Capital Management LLC acquired a new stake in shares of FOX in the fourth quarter valued at about $26,000. Jones Financial Companies Lllp increased its holdings 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 acquiring an additional 249 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings 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 acquiring an additional 368 shares in the last quarter. MV Capital Management Inc. increased its holdings 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 acquiring an additional 623 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new position in FOX during the 1st quarter valued at about $43,000. Institutional investors and hedge funds own 52.52% of the company's stock.

Analysts Set New Price Targets

FOXA has been the subject of several recent research reports. Wells Fargo & Company raised their target price on shares of FOX from $58.00 to $62.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Bank of America lifted their price target on shares of FOX from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Barclays reiterated an "outperform" rating on shares of FOX in a report on Tuesday, May 13th. Guggenheim reiterated a "buy" rating and set a $62.00 price target (up from $60.00) on shares of FOX in a report on Wednesday, June 25th. Finally, Morgan Stanley lifted their price target on shares of FOX from $57.00 to $60.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $53.53.

FOX Trading Up 1.5%

FOX stock traded up $0.85 during trading hours on Monday, reaching $55.96. 2,435,807 shares of the company's stock traded hands, compared to its average volume of 3,625,441. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.33 and a current ratio of 2.45. Fox Corporation has a fifty-two week low of $35.70 and a fifty-two week high of $58.74. The firm has a market capitalization of $25.16 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 1.23 and a beta of 0.51. The firm's 50 day moving average is $54.67 and its 200-day moving average is $52.79.

FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings results 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 11.58% and a return on equity of 17.99%. The business had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same period last year, the company posted $1.40 EPS. FOX's revenue for the quarter was up 26.8% on a year-over-year basis. On average, analysts predict that Fox Corporation will post 4.38 earnings per share for the current year.

Insider Transactions at FOX

In related news, CFO Steven Tomsic sold 5,607 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $55.37, for a total transaction of $310,459.59. Following the completion of the sale, the chief financial officer directly owned 133,923 shares of the company's stock, valued at approximately $7,415,316.51. This represents a 4.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 21.77% of the company's stock.

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.