Ritholtz Wealth Management Has $1.45 Million Stock Holdings in Fox Corporation (NASDAQ:FOXA)

Ritholtz Wealth Management increased its stake in Fox Corporation (NASDAQ:FOXA - Free Report) by 153.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 25,568 shares of the company's stock after purchasing an additional 15,464 shares during the quarter. Ritholtz Wealth Management's holdings in FOX were worth $1,447,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WealthTrak Capital Management LLC acquired a new stake in FOX in the 4th quarter worth approximately $26,000. SRS Capital Advisors Inc. increased its position 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 buying an additional 262 shares during the period. Jones Financial Companies Lllp increased its position in FOX by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after buying an additional 249 shares during the period. CIBC Private Wealth Group LLC increased its position in FOX by 122.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock worth $33,000 after buying an additional 368 shares during the period. Finally, MV Capital Management Inc. increased its position in FOX by 929.9% in the 1st quarter. MV Capital Management Inc. now owns 690 shares of the company's stock worth $39,000 after buying an additional 623 shares during the period. 52.52% of the stock is currently owned by institutional investors and hedge funds.

FOX Price Performance

NASDAQ:FOXA traded up $0.63 during trading hours on Wednesday, reaching $54.71. The company had a trading volume of 3,121,317 shares, compared to its average volume of 3,548,859. The stock has a 50-day moving average of $52.30 and a two-hundred day moving average of $51.77. Fox Corporation has a one year low of $33.50 and a one year high of $58.74. The firm has a market capitalization of $24.60 billion, a PE ratio of 13.61, a PEG ratio of 1.15 and a beta of 0.51. 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 (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 17.99% and a net margin of 11.58%. The business's revenue was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.40 earnings per share. Analysts forecast that Fox Corporation will post 4.38 earnings per share for the current year.

Insiders Place Their Bets

In other FOX news, CFO Steven Tomsic sold 5,607 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $55.37, for a total value of $310,459.59. Following the transaction, the chief financial officer now owns 133,923 shares of the company's stock, valued at approximately $7,415,316.51. The trade was a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 21.77% of the company's stock.

Analyst Upgrades and Downgrades

FOXA has been the topic of several recent analyst reports. Guggenheim reaffirmed a "buy" rating and issued a $60.00 price target on shares of FOX in a research report on Tuesday, March 25th. Barclays reaffirmed an "outperform" rating on shares of FOX in a research report on Tuesday, May 13th. Loop Capital lifted their price target on FOX from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Cowen reaffirmed a "hold" rating on shares of FOX in a research report on Tuesday, May 13th. Finally, Wolfe Research downgraded FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price target on the stock. in a research report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $52.71.

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.