Tabor Asset Management LP Acquires Shares of 22,969 Fox Co. (NASDAQ:FOXA)

Tabor Asset Management LP acquired a new stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 22,969 shares of the company's stock, valued at approximately $1,116,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FOXA. WealthTrak Capital Management LLC bought a new stake in FOX in the 4th quarter worth approximately $26,000. SRS Capital Advisors Inc. grew its holdings in shares of FOX by 91.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after acquiring an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in FOX during the fourth quarter valued at $28,000. Jones Financial Companies Lllp increased its position in 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 acquiring an additional 249 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in FOX by 122.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock valued at $33,000 after acquiring an additional 368 shares during the period. Institutional investors own 52.52% of the company's stock.

Analyst Upgrades and Downgrades

FOXA has been the topic of several recent research reports. Wolfe Research cut shares of FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price objective on the stock. in a research note on Monday, April 7th. The Goldman Sachs Group set a $60.00 price target on shares of FOX and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Guggenheim restated a "buy" rating and issued a $60.00 price objective on shares of FOX in a research note on Tuesday, March 25th. Barclays reaffirmed an "outperform" rating on shares of FOX in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. boosted their price target on FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $52.71.

FOX Price Performance

Shares of FOXA stock traded down $0.16 during mid-day trading on Thursday, hitting $54.98. The company had a trading volume of 3,556,378 shares, compared to its average volume of 3,496,157. The company has a market capitalization of $24.72 billion, a P/E ratio of 11.77, a P/E/G ratio of 1.27 and a beta of 0.51. The stock's 50 day moving average price is $51.58 and its 200-day moving average price is $50.57. Fox Co. has a 52-week low of $32.51 and a 52-week high of $58.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14.

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, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $4.14 billion. During the same period in the prior year, the firm earned $1.40 EPS. The company's revenue for the quarter was up 26.8% on a year-over-year basis. Equities research analysts forecast that Fox Co. will post 4.38 earnings per share for the current year.

Insider Activity at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the sale, the chairman now directly owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. The trade was a 4.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 21.77% of the stock is owned by insiders.

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.