Procyon Advisors LLC acquired a new position in shares of Fox Co. (NASDAQ:FOXA - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,325 shares of the company's stock, valued at approximately $698,000.
A number of other large investors also recently made changes to their positions in FOXA. CIBC Private Wealth Group LLC lifted its holdings 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 worth $33,000 after buying an additional 368 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in FOX by 25.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 118,380 shares of the company's stock worth $5,856,000 after purchasing an additional 23,704 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in FOX in the 4th quarter worth about $7,767,000. Captrust Financial Advisors bought a new stake in FOX in the 4th quarter valued at about $306,000. Finally, Man Group plc bought a new stake in FOX in the 4th quarter valued at about $3,239,000. Institutional investors own 52.52% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the stock. Cowen reiterated a "hold" rating on shares of FOX in a research report on Tuesday, May 13th. Barclays reaffirmed an "outperform" rating on shares of FOX in a report on Tuesday, May 13th. Loop Capital increased 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. Cfra Research upgraded FOX from a "hold" rating to a "moderate buy" rating in a research report on Monday, April 7th. Finally, Wolfe Research downgraded FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price target for the company. in a research note on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $52.71.
Get Our Latest Analysis on FOXA
FOX Stock Up 1.0%
Shares of FOXA opened at $54.37 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. 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 $24.45 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 1.27 and a beta of 0.51. The stock has a fifty day moving average of $51.76 and a 200-day moving average of $51.40.
FOX (NASDAQ:FOXA - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.17. FOX had a return on equity of 18.50% and a net margin of 14.39%. The business had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.14 billion. During the same quarter in the prior year, the firm earned $1.40 EPS. The business's revenue for the quarter was up 26.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Fox Co. will post 4.38 earnings per share for the current fiscal year.
Insider Activity
In other news, CFO Steven Tomsic sold 5,607 shares of FOX stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $55.37, for a total transaction of $310,459.59. Following the transaction, the chief financial officer now owns 133,923 shares in the company, valued at approximately $7,415,316.51. The trade was a 4.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 21.77% of the stock is currently owned by insiders.
FOX Company Profile
(
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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