PharVision Advisers LLC Purchases Shares of 10,337 Fox Co. (NASDAQ:FOXA)

PharVision Advisers LLC bought a new stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,337 shares of the company's stock, valued at approximately $502,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. WealthTrak Capital Management LLC purchased a new position in shares of FOX in the fourth quarter valued at $26,000. SRS Capital Advisors Inc. boosted its stake in FOX by 91.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after purchasing an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in FOX during the 4th quarter valued at about $28,000. Jones Financial Companies Lllp increased its position in shares of FOX by 61.5% during the fourth 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 period. Finally, CIBC Private Wealth Group LLC increased its position in shares of FOX by 122.3% during the fourth 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 period. Institutional investors own 52.52% of the company's stock.

Wall Street Analyst Weigh In

FOXA has been the subject of a number of analyst reports. Barclays restated an "outperform" rating on shares of FOX in a research report on Tuesday, May 13th. 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 report on Tuesday, May 13th. Cowen restated a "hold" rating on shares of FOX in a research report on Tuesday, May 13th. UBS Group upped their price target on shares of FOX from $61.00 to $63.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Finally, Guggenheim reiterated a "buy" rating and issued a $60.00 price objective on shares of FOX in a research report on Tuesday, March 25th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, FOX has an average rating of "Hold" and a consensus target price of $52.71.

FOX Price Performance

Shares of FOXA stock traded up $0.06 during trading hours on Monday, hitting $55.04. 2,905,809 shares of the company's stock were exchanged, compared to its average volume of 3,508,314. The company has a market capitalization of $24.75 billion, a PE ratio of 11.79, a PEG ratio of 1.27 and a beta of 0.51. 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 12-month low of $32.76 and a 12-month high of $58.74. The business's 50 day simple moving average is $51.68 and its 200-day simple moving average is $50.81.

FOX (NASDAQ:FOXA - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.93 by $0.17. The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.14 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. The firm's quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.40 EPS. On average, equities research analysts anticipate that Fox Co. will post 4.38 earnings per share for the current year.

About FOX

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.