Rhumbline Advisers Purchases 23,318 Shares of Fox Co. (NASDAQ:FOXA)

Rhumbline Advisers boosted its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 5.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 443,431 shares of the company's stock after acquiring an additional 23,318 shares during the quarter. Rhumbline Advisers owned 0.10% of FOX worth $25,098,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FOXA. Parallel Advisors LLC grew its stake in shares of FOX by 32.0% in the first quarter. Parallel Advisors LLC now owns 2,584 shares of the company's stock worth $146,000 after purchasing an additional 626 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of FOX by 6,554.4% in the first quarter. GAMMA Investing LLC now owns 470,403 shares of the company's stock worth $26,625,000 after purchasing an additional 463,334 shares during the last quarter. Versant Capital Management Inc grew its position in shares of FOX by 403.1% in the 1st quarter. Versant Capital Management Inc now owns 8,634 shares of the company's stock valued at $489,000 after buying an additional 6,918 shares during the last quarter. Kera Capital Partners Inc. bought a new stake in shares of FOX in the 1st quarter valued at about $309,000. Finally, California State Teachers Retirement System increased its stake in shares of FOX by 4.2% in the fourth quarter. California State Teachers Retirement System now owns 307,111 shares of the company's stock valued at $14,919,000 after buying an additional 12,251 shares during the period. 52.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FOXA. Guggenheim reissued a "buy" rating and issued a $60.00 price target on shares of FOX in a research note on Tuesday, March 25th. Loop Capital increased their price objective on shares of FOX from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. UBS Group increased their price objective on shares of FOX from $61.00 to $63.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Barclays reiterated an "outperform" rating on shares of FOX in a report on Tuesday, May 13th. Finally, Morgan Stanley increased their price target on FOX from $57.00 to $60.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, FOX has an average rating of "Hold" and an average price target of $52.71.

FOX Stock Performance

NASDAQ FOXA opened at $53.84 on Friday. The company has a fifty day simple moving average of $51.79 and a 200 day simple moving average of $51.30. Fox Co. has a 12-month low of $32.76 and a 12-month high of $58.74. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The company has a market cap of $24.21 billion, a P/E ratio of 11.53, a PEG ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) 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 analysts' expectations of $4.14 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. The business's revenue was up 26.8% on a year-over-year basis. During the same period last year, the company earned $1.40 earnings per share. Sell-side analysts predict that Fox Co. will post 4.38 earnings per share for the current fiscal year.

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.

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