Robeco Institutional Asset Management B.V. lifted its position in Fox Corporation (NASDAQ:FOXA - Free Report) by 54.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,886,623 shares of the company's stock after buying an additional 668,553 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.42% of FOX worth $106,783,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Strategic Investment Advisors MI lifted its holdings in FOX by 743.1% during the 1st quarter. Strategic Investment Advisors MI now owns 46,178 shares of the company's stock valued at $2,614,000 after purchasing an additional 40,701 shares during the last quarter. Moran Wealth Management LLC acquired a new stake in FOX during the 1st quarter valued at $7,837,000. Asset Management One Co. Ltd. lifted its holdings in FOX by 0.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 118,945 shares of the company's stock valued at $6,732,000 after purchasing an additional 565 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in FOX during the 1st quarter valued at $248,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in FOX during the 1st quarter valued at $364,000. 52.52% of the stock is owned by institutional investors.
FOX Price Performance
Shares of NASDAQ:FOXA traded up $0.11 during midday trading on Friday, hitting $56.79. The stock had a trading volume of 3,737,562 shares, compared to its average volume of 3,578,044. The company's 50-day moving average price is $53.34 and its 200-day moving average price is $52.32. The company has a market capitalization of $25.53 billion, a P/E ratio of 14.13, a price-to-earnings-growth ratio of 1.20 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 Corporation has a fifty-two week low of $33.84 and a fifty-two week high of $58.74.
FOX (NASDAQ:FOXA - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $4.14 billion. FOX had a net margin of 11.58% and a return on equity of 17.99%. The business's revenue for the quarter was up 26.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.40 EPS. As a group, equities research analysts predict that Fox Corporation will post 4.38 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have issued reports on FOXA shares. Cfra Research raised FOX from a "hold" rating to a "moderate buy" rating in a report on Monday, April 7th. 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 report on Monday, April 7th. Guggenheim reaffirmed a "buy" rating and set a $62.00 price target (up previously from $60.00) on shares of FOX in a report on Wednesday. Barclays reaffirmed an "outperform" rating on shares of FOX in a report on Tuesday, May 13th. Finally, Loop Capital raised their price target on FOX from $62.00 to $64.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. 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 stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $53.53.
Check Out Our Latest Research Report on FOXA
Insider Activity
In other FOX news, CFO Steven Tomsic sold 39,642 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the completion of the transaction, the chief financial officer now owns 133,923 shares of the company's stock, valued at approximately $7,405,941.90. The trade was a 22.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 21.77% of the company's stock.
About FOX
(
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.
Read More
Before you consider FOX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FOX wasn't on the list.
While FOX currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
